Producer Price Inflation (PPI) rose by 0.4% in the USA last month. That increase was driven by, of all things, a whopping 54.6% increase in the price of wholesale chicken eggs amid an outbreak of avian flu. In…
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With growth in the eurozone lethargic, the ECB has been one of the more aggressive central banks throughout 2024. In yesterday’s press conference, Lagarde noted that some policymakers had initially plumped for a larger 0.5% cut to interest…
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The Bank of England is not expected to match the ECB’s pace in cutting interest rates, which has contributed to GBP/EUR’s current success. As we have seen though, these narratives are frequently proven to be mere stories investors…
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Early yesterday the pound reached its highest level since the Brexit referendum more than eight years ago. It was powered by the prospect of the European Central Bank (ECB) cutting interest rates, which it duly did yesterday afternoon,…
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Inflation came in as expected across the board in November, a rare example of economists accurately predicting a macroeconomic outcome. All eyes are now on Jerome Powell and the Federal Reserve. A late rate cut would likely put…
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The ECB and the euro are in a bit of a bind. A blast of economic growth is sorely needed but turning interest rates well below those of its competitors would be a bitter pill in the short…
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Friday’s GDP numbers for October are a crucial chance for the pound to put its money where its mouth is. Growth turned negative in September as fears over the budget grew but economists predict a rebound. Sterling may…
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The pound’s eye-catching streak of daily advances resumed on Wednesday ahead of a crucial meeting of the European Central Bank (ECB). GBP/EUR climbed by a further 0.25% yesterday, meaning the pound is close to its strongest since the…
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