by Julian Benson | Aug 27, 2024
Amid a weaker US dollar, investors will be eyeing top-tier US economic data due to come about this week in the hope that it will give the dollar the boost it needs. The focus this week will be the second estimate of the US gross domestic product, core personal...
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by Julian Benson | Aug 27, 2024
Sterling isn’t the only currency to benefit from the weaker US dollar, as the euro is currently trading just under 3% higher than this time last month. The pairing looks to Germany’s key data this week which will feature the final GDP growth rate for quarter...
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by Julian Benson | Aug 27, 2024
Despite recent gains, there are few high-level economic releases from Great Britain this week, therefore sterling remains at the mercy of political news and foreign economic data, which comes in hot and heavy this week. To lock in the strong pound, speak to your...
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by Julian Benson | Aug 27, 2024
Sterling ended last week on a high against the US dollar, reaching levels not seen since March 2022, and held its position yesterday. This movement came following comments from Jerome Powell, chair of the Federal Reserve, who said “the time has come” for an interest...
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by Julian Benson | Aug 23, 2024
Jerome Powell is the one to watch today as he takes to the podium at the Jackson Hole Symposium in Wyoming. Observers expect the Federal Reserve chair to comment on the likelihood of a rate cut in September after the minutes from the July meeting revealed a “vast...
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