by Jonathan Cook | Oct 3, 2024
Scarce news on the economic front meant strong American data and more troubling news from the Middle East dominated proceedings on Wednesday, contributing to a risk off tone and more US dollar gains. GBP/USD slid by around a third of a cent and EUR/USD by a similar...
read more
by Charles Purdy | Oct 2, 2024
Sterling briefly hit yet another high against the euro yesterday lunchtime, though it didn’t last into the afternoon session. But GBP/EUR remains close to its best since spring 2022 and GBP/USD only marginally off it. So, as ever, to lock in today’s exceptional rate –...
read more
by Julian Benson | Oct 2, 2024
Jerome Powell, chair of the US Federal Reserve, indicated in a speech on Monday that the central bank expects to implement two additional rate cuts by the end of the year, which is currently less than market estimates. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...
read more
by Julian Benson | Oct 2, 2024
As eurozone headline inflation came in at 1.8% in September, down from 2.2%, core inflation (which excludes food and fuel) slipped to 2.7% from 2.8%. These results came in below target and have raised economists’ expectations for a sizeable 50 basis point rate cut in...
read more
by Julian Benson | Oct 2, 2024
S&P Global revealed that the UK manufacturing PMI, which measures the industry’s performance, fell to 51.5 in September 2024 from 52.5 in August. The decline reflects a loss on last month’s performance, however, all readings above 50 signal growth so the sector...
read more
