The pound hit its highest level against the euro and US dollar since mid-2022 yesterday following the Bank of England’s interest rate decision at midday. There were two more high-level data sets this morning. Retail sales in August…
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Sterling hit new heights yesterday with the Bank of England’s interest rate decision and has been boosted again this morning by retail sales data. It is currently at its highest level against the US dollar since March 2022…
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After all the speculation, the US dollar may now enjoy the chance to revel in that rarest of commodities: interest rate certainty. A period of calm would be much needed, although the upcoming election means it won’t be…
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While the euro ceded some ground to the pound yesterday, that was at least tempered by a better day against the US dollar. The euro will need better news on the economic front to cement a higher standing.
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After the Fed’s decision, Andrew Bailey and co may well be feeling the heat today. Sterling will be keenly invested in the decision at noon, as will many more businesses, homeowners and private investors across the land.
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The Federal Reserve announced the first cut to interest rates since 2020 in a decision that could have broad implications for the US dollar and other major currencies.
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The pound has ebbed and flowed over the past 24 hours in response to speculators betting on whether the Bank of England will lower interest rates at its September meeting tomorrow. It is currently a little down since…
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You could make a real case for this being the most anticipated Fed decision of all time. For weeks, commentators have been prodding for details, and Donald Trump and Kamala Harris will be watching on ahead of the…
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