The German Ifo Business Climate Index surged to 87.8 in March, well above forecasts of 86 and last month’s revised figure of 85.7. Sentiment was again boosted by excitement over interest rates, and perhaps too the recent clarity…
Read more
›
February’s UK retail sales were unchanged from January. That’s not exactly impressive, but even zero growth is better than the 0.5% decline many had been expecting. Of course, this was not a shocking enough figure to stop sterling’s…
Read more
›
The pound lost a good chunk of value to both the euro and the US dollar during last week’s trading. This was primarily caused by the impression that the Bank of England (BoE) would look to cut interest…
Read more
›
Spring is in the air, and so it appears is harmony among policymakers. Eight of the nine MPC members were aligned in their voting at the latest meeting, signalling progress on the fight to stop inflation. That’s leaving…
Read more
›
If it weren’t for other things going on in currency markets, Thursday’s German HCOB manufacturing results would likely have been much more in the spotlight. The flash read for March returned the worst performance for five months and…
Read more
›
The endless bipartisan bickering on Capitol Hill can be exhausting. Another impasse is looming, to the shock of precisely no-one. Congressional leaders have agreed on funding measures north of $1tn, but whether they can jam it through Congress…
Read more
›
The Bank of England decided to hold interest rates at 5.25% at its March meeting, but a significant shift in the voting of Monetary Policy Committee (MPC) members set markets ablaze.
Read more
›
The dollar lost almost across the board yesterday following the Federal Reserve’s continued interest rate pause. We’ll hear more from central bankers today and tomorrow, plus a reading for PMI.
Read more
›
