Economists at Goldman Sachs (no stranger to bold predictions) now believe UK interest rates will fall to 2.75% by the end of next summer. According to a report released Monday, markets are currently “underestimating the likely extent of…
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Currency markets took a while to get going to start the week with major pairings moving little amid sparse economic news and a general tone of caution.
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It’s remarkable to think that the US presidential election is just two weeks away. It’s getting very real now for the US dollar, with markets spending a large portion of last week evaluating the impact of a victory…
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The euro fought back after the inevitable weakness that accompanied another ECB rate cut. However, its outlook is far from clear, particularly with risks mounting and the ECB thought to be pivoting to a more aggressive policy.
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The pound went down a path against its rivals that resembled a giant U last week, falling first before staging a stirring comeback. Less volatility would be good this week but currency markets are not exactly renowned for…
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Sterling’s recovery against the euro and the US dollar in the back end of last week came after several days of intense pressure. Having struggled to contain the impact of lower than expected inflation data, the pound grasped…
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The pound strengthened against the euro last week following the European Central Bank’s (ECB) decision to cut its interest rate again. While gains for GBP/EUR may look small over the week (~0.4%) and month (~0.7%), when you see…
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The US Dollar Index (DXY) continued to rally on Thursday as headlines poured in forecasting a possible Trump win in the November presidential elections. For more guidance on where your exchange rate could be this time next month…
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