by Jonathan Cook | Oct 21, 2024
The pound went down a path against its rivals that resembled a giant U last week, falling first before staging a stirring comeback. Less volatility would be good this week but currency markets are not exactly renowned for their stability. GBP/USD: the past year...
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by Jonathan Cook | Oct 21, 2024
Sterling’s recovery against the euro and the US dollar in the back end of last week came after several days of intense pressure. Having struggled to contain the impact of lower than expected inflation data, the pound grasped onto the European Central Bank’s (ECB)...
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by Charles Purdy | Oct 21, 2024
The pound strengthened against the euro last week following the European Central Bank’s (ECB) decision to cut its interest rate again. While gains for GBP/EUR may look small over the week (~0.4%) and month (~0.7%), when you see them over the longer term (up 5% on this...
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by Julian Benson | Oct 18, 2024
The US Dollar Index (DXY) continued to rally on Thursday as headlines poured in forecasting a possible Trump win in the November presidential elections. For more guidance on where your exchange rate could be this time next month and beyond, download your free copy of...
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by Julian Benson | Oct 18, 2024
During the ECB’s October meeting, president Lagarde revealed the decision to lower the bank’s three key interest rates was unanimous. The deposit facility, main refinancing operations and marginal lending facility rates now stand at 3.25%, 3.40% and 3.65%,...
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