US data came in hot and heavy yesterday as the trade deficit remained almost unchanged in March 2024, hovering close to a 10-month high. US unemployment claims held at a two-month low in the final week of April…
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Despite seesawing this week, the euro heads into the Bank Holiday weekend largely unchanged against the US dollar compared to this time last week.
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Following Liz Truss’s disastrous mini-budget, UK politics have become a bit of a concern for pound sterling. Any change in Westminster has the potential to impact the pound, but as we well know, the markets are ever-changing and…
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Sterling heads into Bank Holiday weekend 0.3% higher against the US dollar and the euro on the week, benefiting from dovish messaging from the Federal Reserve and a lack of market-moving euro area data.
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Yesterday, Federal Reserve policymakers chose to hold interest rates within the 5.25–5.5% range as pressures remain surrounding inflation and the taut US labour market.
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Following the Federal Reserve’s decision to keep US interest rates unchanged, the pound remains vulnerable as investors expect speculation for Bank of England rate cuts to follow. Current market forecasts suggest the BoE could cut borrowing costs in…
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Tomorrow, investors will receive the euro area unemployment rate for March, which is forecast to match January and February’s figures of 6.5% – close to a record low for the area.
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The ISM poll of manufacturing purchasing managers in the US fell to 49.2 in April from 50.3 in March, which marked the first industry expansion for 6 months. New orders fell into contraction as did the backlog of…
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