Sterling ended last week on a high against the US dollar, reaching levels not seen since March 2022, and held its position yesterday. This movement came following comments from Jerome Powell, chair of the Federal Reserve, who said…
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Jerome Powell is the one to watch today as he takes to the podium at the Jackson Hole Symposium in Wyoming. Observers expect the Federal Reserve chair to comment on the likelihood of a rate cut in September…
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Yesterday, flash PMI readings for the German manufacturing sector fell to 42.1 in August from 43.7 in July. This reading continued the declining trend and missed market expectations of 43.5. Despite the contraction, purchase prices nearly stabilised after…
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Those with upcoming US-dollar transactions rejoiced yesterday as the pound-to-us-dollar rate soared to a 400-day high following better-than-expected UK business activity data and seesawing sentiment surrounding the upcoming Federal Reserve interest rate decision.
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The pound continued its winning streak against the US dollar yesterday, reaching a 400-day high following better-than-expected UK private sector activity, taking its weekly gains to 1.85%.
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The US created 818,000 fewer jobs than first calculated according to official figures on Wednesday. The revision was in line with economists’ expectations but suggests hiring has not been as robust as official figures have suggested. They indicate…
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Following Tuesday’s Harmonized Index of Consumer Prices data from the European Monetary Union, which showed no monthly change for July, investors said the likelihood of a rate cut from the European Central Bank strengthened.
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Recent data from the UK, including inflation and employment data, supported the Bank of England’s argument to keep interest rates on hold at 5.0% in its upcoming September meeting. This morning’s PMI data will be instrumental for the…
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