Sterling seems safe from a potentially damaging rate cut today but plenty will ride on the Bank of England’s vote share. Just one or two of the nine policy members are expected to vote for a cut. Any…
Read more
›
Policymakers at the Bank of England will meet today for their last rate setting appointment of 2024. Markets are expecting little appetite for a second consecutive cut, particularly given Wednesday's eye-catching inflation increase and uncertainty surrounding the impact…
Read more
›
UK inflation ticked up again in November to reach 2.6%, its highest mark since March. Higher costs of recreation and leisure (things like live music tickets and computer games) along with housing and utilities were the main drivers…
Read more
›
German businesses and consumers seem to be singing from two entirely different hymn sheets. Consumers are looking forward to the promise of a new government but businesses seem to be more realistic about short-term pain. Germany’s upcoming elections…
Read more
›
The pound has had a very good few days that have seen it climb against its main rivals. It’s still too soon to say if sterling is out of the woods yet, although there is a growing light…
Read more
›
UK inflation ticked up again in November to reach 2.6%, its highest mark since March. Higher costs of recreation and leisure (things like live music tickets and computer games) along with housing and utilities were the main drivers…
Read more
›
The US will see just one significant data release before tonight's Fed meeting, which comes in the shape of preliminary building permits. The Federal Reserve is expected to cut interest rates by 0.25%, a move that could have…
Read more
›
The Federal Reserve’s traditional blackout period before an interest rate decision left the US dollar searching for impetus on Monday. EUR/USD was little moved, while the US dollar slid against the pound. This afternoon’s retail sales release will…
Read more
›
