US markets are expecting Jerome Powell to signpost interest rate cuts for September on Wednesday. It’s a little tricky to predict how the US dollar would react to this, particularly in the context of a packed week that…
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EUR/USD plummeted to its lowest in almost three weeks yesterday ahead of a packed slated of key data this week. The eurozone faces down significant inflation and growth data across member states, with the Federal Reserve’s decision also…
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The Bank of England are expected to cut interest rates on Thursday… but only just. Five of the nine policymakers are predicted to vote in favour of a decrease to 5% but just one vote either way could…
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Sterling faced off against several sources of pressure in Monday’s trading, the most serious of which is the Bank of England’s upcoming interest rate decision. While GBP/EUR climbed by half a cent, the pound struggled to generate real…
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Sterling has wilted overall over the past two weeks against both the euro and US dollar, with a fall of over 0.5% against the euro since last Tuesday. That has accelerated so far this morning. If you are…
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The Federal Reserve is expected to keep rates unchanged at 5.5% as it moves closer to a pivot on monetary policy as early as September.
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On Wednesday, the euro area inflation for July is expected to fall from 2.5% to 2.3% - taking another step towards the European Central Bank’s 2% target. Before then, the spotlight remains on the euro area’s economic performance…
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This morning, the economic calendar holds UK consumer credit, mortgage approvals and CBI trades. Unexpected strength from UK services inflation last week may have affected policymakers’ outlook on whether to push ahead with the first rate cut since…
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