The euro performed well in a perilous week last time out. That was mainly from the impression that this rate cut may not be the start of the loosening cycle, but rather a correction of its last hike,…
Read more
›
The Bank of England may not have entirely appreciated the ECB’s interest rate cut, as it served to sharpen scrutiny on its own borrowing rates. For now, Andrew Bailey and co can hide behind the election, but should…
Read more
›
French President Emmanuel Macron called a snap parliamentary election yesterday in response to a massive victory by the far-right Rassemblement National in European elections. Marine Le Pen’s party secured over 31% of the popular vote compared to just…
Read more
›
It’s Non-Farm Payrolls this afternoon. With all due respect to the fact that forecasting for these has been dreadful in recent months, NFP is forecast to rise slightly from its six-month low month. The big event next week is…
Read more
›
Later this morning we will hear the eurozone’s GDP result for the first three months of 2024 and also hear more from the ECB’s Christine Lagarde.
Read more
›
We are coming into a period of big data, with unemployment and earnings on Tuesday and GDP on Wednesday. Although two weeks away from the Bank of England’s own interest rate decision, the decision from the US Federal…
Read more
›
The pound weakened yesterday as a quiet period for data from the UK continued, but the European Central Bank cut its interest rate for the first time since 2019. Sterling starts the day fractionally down on all major…
Read more
›
The pound-to-euro rate recorded its highest daily close since August 2022 yesterday, however, risk remains as the European Central Bank interest rate decision is just hours away.
Read more
›
