The euro had a week to remember last time out, climbing to its highest against the US dollar in two weeks and in almost two months against the pound. With a relatively light data schedule for the next…
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Now that the Bank of England has got its first rate cut out of the way, it’s time for the pound to take a deep breath and start again. Sterling was buoyed by US data on Friday, yet…
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The US economy added 60k fewer jobs than expected in July while unemployment climbed from 4.1% to 4.3%, capping off a dramatic week for currency markets.
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It looks like a positive end to the week overall. Following the Fed holding rates, as expected, the markets will be interested to see Non-Farm Payrolls this afternoon. A significant drop to 175,000 new jobs is expected, but…
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A mixed day for the euro – despite some disappointing industrial data in the shape of manufacturing PMI and unemployment yesterday – ends a poor week, with the single currency losing 0.5% against USD overall, well over double…
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While sterling may have experienced a reversal yesterday after the first rate cut for four years it was at the lower end of what might have been expected. Next week will kick off with a final PMI report…
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The pound lost between 0.5% and 1.5% against most major currencies yesterday after the Bank of England (BoE) voted, narrowly, to cut interest rates from 5.25% to 5%. However, with the cut carried by just five votes to…
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Yesterday, the Federal Reserve chose to keep the federal funds rate at a 23-year high of 5.25-5.5% for the eight consecutive meeting.
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