UK headline inflation fell to 2.3% in April, a steep drop from last month’s 3.2% but on the higher end of the predicted range. The fall was driven by a significant reduction in the energy regulator Ofgem’s price…
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The schedule of Federal Reserve speeches today and yesterday more closely resembles a talk show than an economic calendar. However, interest is significant given FOMC minutes arrive on Wednesday and market expectations of rate cuts have recently shifted.
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The euro continues to nestle in a similar range against the US dollar while losing only small amounts to the pound each day. Public holidays across Europe and a light schedule help make this a relatively quiet week,…
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UK inflation has been on a one hell of a journey. Headline CPI could soon fall to within a whisker of the Bank’s 2% target, having risen as high as 11.1% in October 2022 as the aftershocks of…
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The pound continued to make gains over its closest rivals on Monday despite the imminent threat of key data. GBP/EUR reached its highest point in several weeks, while GBP/USD briefly passed its highest level in two months.
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The pound hit a two-week high against the euro late last week. It is currently 1% stronger than the average of the past year and 3% above the average of the past five years. GBP/USD is at or…
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The US dollar wilted under the pressure of intense scrutiny last week. All things told, the impact was hardly disastrous and now it can look ahead to less hectic times with some optimism.
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The euro has been making steady progress against the US dollar for the past few weeks. That’s been less true of it against the pound, but good news now that the hype around the ECB potentially cutting before…
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