The European Central Bank’s (ECB) Francois Villeroy de Galhau used an interview on French radio to say market expectations of two further interest rate cuts this year were ‘reasonable’. The euro continues to struggle with the expectation that…
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The pound started the week with a low-key performance against its main rivals. Sterling was little changed over the course of Monday and this week’s light macro schedule means movements are more likely to come from elsewhere than…
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All eyes were on the US dollar yesterday after the weekend’s dose of political drama. Following some early weakness, the US dollar fought back against the pound and the euro, ending the European session at around parity against…
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Exchange rates so far have been unmoved by the various events in US politics. Another presidential term for Donald Trump was probably priced in last week, but while Biden’s withdrawal from the race mixes matters up it has…
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The US dollar pared back some of its losses against the pound on Friday, but the Federal Reserve have failed to evade growing speculation that it will cut interest rates in September. This could be a key week…
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European Central Bank (ECB) president Christine Lagarde refused to be tied down to a date for the next rate cut. Given that the ECB’s next meeting isn’t until early September, Lagarde and her colleagues are likely buying some…
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Much like the rest of the country, the pound enjoyed a mini heatwave last week, rising to its highest levels of 2024 against the euro and the US dollar. By Friday though, the ice cream had melted, which…
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Joe Biden officially dropped his re-election bid on Sunday, bowing to mounting pressure from within the Democratic party in the wake of the president’s shambolic debate performance.
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