US dollar markets will be fretting over the scale of the Federal Reserve’s action ahead of Wednesday’s announcement. A half-point cut would be a minor shock at this point, but few will be willing to risk betting against…
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The European Central Bank didn’t have much choice but to cut interest rates last week. That has meant a period of weakness for the euro, which continues to be weighed down by tepid growth and lower rates.
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It’s more than likely that the Bank will leave interest rates at 5%, however last week’s GDP data made the case for quick cuts. Sterling has benefitted from the slow pace of change, but policymakers will be mindful…
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The Bank of England and lingering fears over the UK economy and geopolitics mean the pound enters a significant week on unsteady footing.
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There were significant losses for the dollar yesterday due to a range of economic data that all pointed clearly towards an interest rate cut next week. Later today we’ll hear the Michigan Consumer Sentiment index, but it’s really…
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While the euro is down against a basket of currencies over the week it rallied slightly after the interest rate cut yesterday and the news conference, as it became obvious that the ECB has no clear plan for…
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Sterling has strengthened almost across the board, with only the yen and Norwegian krone besting GBP. Next week may start slowly but it heats up considerably midweek, with the inflation data on Wednesday and interest rate decision on…
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It was a positive day for the pound yesterday, as the gap widened between the eurozone’s and the UK’s interest rates. But sterling also strengthened significantly against the US and Canadian dollars, the yen and Swiss franc too,…
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