For anyone betting against the American economy, we offer a short piece of advice: don’t. Growth in the second quarter was revised up to 3%, while personal income and spending figures due today could point to a further…
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After Germany and Spain went first, its now the turn of France, Italy and the eurozone as a whole to report August’s first batch of inflation figures. Those statistics will go a long way to dictating the ECB’s…
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A few days of minor retreats have eroded little of sterling’s position. The pound is still flying high against the euro and the US dollar, but sustaining that momentum will be an extremely tough task.
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The pound climbed to within reach of its highest level this year against the euro on Thursday, as inflation figures from the eurozone pointed to an easing in price pressures – as well as the potential for further…
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Investors are unanimously betting that the Federal Reserve will begin cutting interest rates in September. Market consensus has swung recently towards a 0.5% cut, although it would not be a major surprise for the Fed to tread a…
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Amid conversations of a weaker US dollar and sterling gains, the euro has quietly also made significant gains this month, adding just under 3% since late July. However, this afternoon’s inflation figures for the euro area could influence…
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Sterling’s rapid ascent against the US dollar faces a key test today with the second estimate for US GDP data in Q2. Any change to the initial estimate of 2.8% growth could have a major impact on GBP/USD.
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Sterling fell from two-year highs against the US dollar on Wednesday but gained strength against the euro as investors focused on the differing approaches to monetary policy between the Bank of England and the Federal Reserve.
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