Last week’s glut of European inflation figures raised the stakes for the European Central Bank (ECB), which is preparing to announce its latest interest rate decision on Thursday (6 June.)
Read more
›
For the US dollar the big event will be personal income and expenditure later today.
Read more
›
Yesterday was poor for the euro with further weakening of the currency taking weekly losses to between 0.25% and 1.5% against leading pairs.
Read more
›
Despite a small wobble in recent days, the pound remains well up on leading currencies such as USD, CAD and JPY compared to the start of the month, although down on NOK and NZD. Against the euro, sterling…
Read more
›
Sterling continues to ride high. Against the US dollar, the pound reversed the downward direction it took on Tuesday and Wednesday, and it ends May almost 2% up on where it started the month. Against the euro the…
Read more
›
The US dollar was once again the direct beneficiary of geopolitical uncertainty and market risk sentiment yesterday. The US dollar saw a big influx in volumes, which helped it chase back recent progress from its European rivals.
Read more
›
The media have begun reporting with more confidence that the European Central Bank (ECB) will cut interest rates next week. The question is whether data like yesterday’s German inflation report makes them reassess their position.
Read more
›
The pound’s progress bumped up against something of a ceiling yesterday, which saw it retreat against the euro and the US dollar. With an election around the corner, our money is on sterling bobbing up and down during…
Read more
›
