by Christopher Nye | Dec 13, 2024
The Bank of England is not expected to match the ECB’s pace in cutting interest rates, which has contributed to GBP/EUR’s current success. As we have seen though, these narratives are frequently proven to be mere stories investors tell themselves. The current dynamic...
read more
by Charles Purdy | Dec 13, 2024
Early yesterday the pound reached its highest level since the Brexit referendum more than eight years ago. It was powered by the prospect of the European Central Bank (ECB) cutting interest rates, which it duly did yesterday afternoon, from 3.25% to 3%. That done, the...
read more
by Jonathan Cook | Dec 12, 2024
Inflation came in as expected across the board in November, a rare example of economists accurately predicting a macroeconomic outcome. All eyes are now on Jerome Powell and the Federal Reserve. A late rate cut would likely put a dent in the momentum the US dollar has...
read more
by Jonathan Cook | Dec 12, 2024
The ECB and the euro are in a bit of a bind. A blast of economic growth is sorely needed but turning interest rates well below those of its competitors would be a bitter pill in the short term. With most economists predicting a cut today, more euro weakness may be on...
read more
by Jonathan Cook | Dec 12, 2024
Friday’s GDP numbers for October are a crucial chance for the pound to put its money where its mouth is. Growth turned negative in September as fears over the budget grew but economists predict a rebound. Sterling may be more volatile as we approach the early-morning...
read more
