by Jonathan Cook | Sep 16, 2024
The European Central Bank didn’t have much choice but to cut interest rates last week. That has meant a period of weakness for the euro, which continues to be weighed down by tepid growth and lower rates. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
read more
by Jonathan Cook | Sep 16, 2024
It’s likely that the Bank will leave interest rates at 5%, however last week’s GDP data made the case for quick cuts. Sterling has benefitted from the slow pace of change, but policymakers will be mindful that they cannot afford to hamstring the economy. GBP/USD: the...
read more
by Jonathan Cook | Sep 16, 2024
The Bank of England and lingering fears over the UK economy and geopolitics mean the pound enters a significant week on unsteady footing. Policymakers are poised to make their latest decision on the UK’s baseline borrowing costs on Thursday. Market consensus is for...
read more
by Christopher Nye | Sep 13, 2024
There were significant losses for the dollar yesterday due to a range of economic data that all pointed clearly towards an interest rate cut next week. Later today we’ll hear the Michigan Consumer Sentiment index, but it’s really all about the first interest rate cut...
read more
by Christopher Nye | Sep 13, 2024
While the euro is down against a basket of currencies over the week it rallied slightly after the interest rate cut yesterday and the news conference, as it became obvious that the ECB has no clear plan for a further cut next month. Economic data is slowing down over...
read more
