During the ECB’s October meeting, president Lagarde revealed the decision to lower the bank’s three key interest rates was unanimous. The deposit facility, main refinancing operations and marginal lending facility rates now stand at 3.25%, 3.40% and 3.65%,…
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Earlier this week, we heard that the UK headline inflation fell to 1.7%, the lowest it’s been since 2021. This movement puts inflation back in the central bank’s 2% territory which is likely welcome news to chancellor, Rachel…
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The European Central Bank chose to lower interest rates yesterday by 0.25%, taking the headline rate to 3.25%. Markets had come to expect that judgement over the past few weeks, which meant the impact on the euro was…
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Just weeks before the election, the US dollar is lapping up any chance to fly below the radar. At least for now, it has made advances against its continental rivals but those could prove short-lived as the data…
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Judging by financial markets, Europe widely expects the ECB to cut interest rates again today. Much of that perception is based on slowing growth data, although there is an argument that suggests it will want to match pace…
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Wednesday’s inflation release brought more unpleasant news for the pound. Sterling has now fallen by one cent against the euro and almost four cents against the US dollar since its highs of two weeks ago.
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The pound wrestled with Wednesday’s news that inflation had fallen to 1.7% in September, ceding ground to its major rivals as markets boosted bets on interest rate cuts.
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In busier times, a dreary manufacturing report from New York could have been brushed off as an aberration. However, given the rare scarcity of US data to begin this week, markets ran with the news and consigned the…
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