The Bank of England is expected to hold interest rates in its June meeting, however, investors believe there is still time for inflation to rock the boat, should tomorrow’s inflation reading not match expectations. Headline inflation is currently…
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The University of Michigan’s preliminary study for June found an unexpected dip in consumer confidence. June’s first estimate came in at 65.6, below May’s 69.1 and well shy of forecasts of 72.
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When it isn't fighting off a pound surge, the euro has struggled under pressure from the US dollar. After electoral drama in France, the euro is seeking something, anything to go right. Perhaps this weeks economic releases will…
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Some economists are predicting that UK inflation fell below 1.9% in May. That's significant due to the Bank of England's target of 2%, considered the goldilocks region for price rises. In that event, expectations that the Bank will…
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Sterling surged beyond recent highs against the euro last Friday, before a sharp change in tone meant the week ended on an altogether different note. Markets took a distinct turn to the safe-haven US dollar, as political threats…
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Sterling remains close to its strongest point since August 2022 against the euro, and close to 5% up on the average of the past five years. It’s also riding high against the US dollar, but it is the…
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The dollar recovered sharply from its losses on Wednesday, strengthening by two-thirds of a per cent against the euro and taking it to 1.4% up on the week. This afternoon there will be a reading of Consumer Sentiment…
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The euro was the biggest loser of the week, declining against most major currencies on the back of the ECB leading the way in cutting interest rates last week and the French president calling an election.
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