The ECB has been forced to move interest rates lower than its major rivals this year. This has resulted in some weakness for the euro, which could be set to continue on Thursday. ECB president Christine Lagarde knows…
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Wednesday’s inflation release is the key data point for sterling this week. A fall below 2.2% would likely be negative for the pound, whereas an unexpectedly hot set of figures could support it moving forward.
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Last week was a topsy turvy one for the pound as it fought back against recent weakness in stages. Friday’s news that US PPI fell to zero in September was enough to instigate a restrained GBP/USD rally to…
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The story so far… two weeks ago the pound hit a 2½-year-high against most major currencies, based largely on the Bank of England being more cautious than other central banks re inflation and keeping interest rates high. However,…
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A bright end to the week for the US dollar at least, though hardly for the rest of the US economy as core inflation refused to sink to acceptable levels and the hopes of global business for lower…
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A mixed week for the euro, which fell against USD, GBP and CHF but gained strongly against various other dollars. There’s not a great deal on the data front for Europe until Germany’s ZEW Economic Sentiment index on…
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While the pound essentially moved sideways yesterday, overall it’s been a positive week for the pound against major rivals, with gains of 0.5% or more against all but the US dollar and Swiss franc (CHF). Next week is…
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There was little movement for sterling yesterday against the US dollar and euro. This was despite a rise in US inflation that took the markets by surprise. Core inflation in the US – the measure favoured by the…
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