The Japanese yen lost around 3% last week as top officials tempered expectations on additional rate hikes. The yen came under additional pressure early last week as strong US economic data suggested the Federal Reserve does not have…
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After embarking on a downward cycle last week, the pound started the European session close to 2% lower against the US dollar and 0.2% lower against the euro since last Monday.
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The US dollar continued to gain yesterday, as the chance of a 50-basis point interest rate cut in a month’s time receded. The gain was more than 1% against sterling but was also significant against the Australian dollar…
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It was a mixed day for the single currency yesterday, with the BoE following the ECB in warning of more interest rate cuts. We are awaiting construction figures across the eurozone, plus comments from several ECB interest-rate setters.
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After comments from the governor of the Bank of England sent sterling down by its biggest one-day drop for 18 months yesterday, there will be keen interest in what BoE’s chief economist Huw Pill says this morning. Next…
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The pound saw its biggest single day fall in 18 months yesterday, dropping by around 1% against the euro, US dollar, rupee and renminbi. However, there has been no further weakening this morning so far and GBP remains…
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A much improved set of labour data has helped the US dollar immensely. Data that supports slower interest rate easing from the Federal Reserve is likely to support a stronger US dollar, as is ongoing uncertainty and risk…
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So far, the eurozone has managed to keep unemployment close to historic lows. Despite dealing with weak growth, policymakers will be happy to see their actions are not causing the kind of mass joblessness consistent with recession.
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