by Charles Purdy | Sep 30, 2024
Sterling has reached the end of the month 1% up on where it started September against the euro and 2% up on the US dollar. Against a basket of currencies the pound is at its strongest since the afternoon of 23 June 2016, the day of the Brexit referendum. To lock this...
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by Jonathan Cook | Sep 30, 2024
For those who may have questioned the Fed’s tactics, the recent 0.5% cut to interest rates was vindicated (at least in part) by rapidly falling inflation data. Given the study’s ensuring popularity with policymakers, the US dollar fell as markets expected more cuts...
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by Jonathan Cook | Sep 30, 2024
The ECB faces a tricky October interest rate meeting. Recent inflation data will be used as evidence of the need for a cut but the hawks are arguing for a pause. Christine Lagarde faces a tough balancing act, particularly as she ruled out signposting future policy in...
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by Jonathan Cook | Sep 30, 2024
When will sterling’s successes run out of steam? Not soon according to some major banks (look out for more on this in our upcoming forecast) who have raised their pound projections for the rest of 2024. Downside risks to this giddy optimism are significant,...
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by Jonathan Cook | Sep 30, 2024
Sterling’s streak of strong performances continued last time around as data highlighted slowing inflation in France and the US. Since the beginning of September, GBP/EUR and GBP/USD have each advanced by around 1%. EUR/USD has also had a strong month, although a...
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