by Charles Purdy | Dec 20, 2024
The interest rate decision from the Bank of England (BoE) yesterday sent the pound in two different directions. Before the vote by the nine members of the BoE’s Monetary Policy Committee (MPC) GBP/EUR strengthened to its best for eight years. However, after the vote,...
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by Jonathan Cook | Dec 19, 2024
The US dollar has been boosted by many different factors this year but the one that keeps coming back is economic growth. Once again, the American economy showed its dynamism on the housebuilding front. Today’s GDP release is another chance to demonstrate just why so...
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by Jonathan Cook | Dec 19, 2024
Few major currencies will be happier to see the back of 2024 than the euro. A bruising year ends with another protracted spell of weakness and a few last data reports to navigate. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Dec 19, 2024
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 more members joining their ranks would likely spell weakness for the...
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by Jonathan Cook | Dec 19, 2024
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...
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