The European Central Bank is expected to keep interest rates at the current multi-year high of 4.5% this afternoon. This comes following policymakers’ cautious “wait-and-see” approach outlined in late summer regarding the battle against high inflation.
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Yesterday, UK investors heard that the British economy shrunk 0.1% during a time of high inflation. This may have influenced the pound’s losses yesterday, as it fell close to 0.3% against the euro and US dollar, ahead of…
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After a strong bounce upwards on Monday to its best position for three months, GBP/EUR was like a slowly deflating balloon yesterday. This morning’s news that the economy shrank by 0.3% in October, considerably worse than market expectations,…
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The US dollar advanced on its closest rivals yesterday on the back of underwhelming inflations prints, before those gains evaporated in the afternoon. USD/GBP climbed higher this morning in reaction to the UK’s GDP figures.
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GBP/EUR fell by around a third of a per cent yesterday, while sterling fought back against the US dollar before again dipping lower this morning.
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The euro chased back some of the US dollar’s gains yesterday while gaining around a third of a per cent on sterling.
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GBP/EUR lost around a third of a per cent this morning on the back of the UK’s weaker than expected GDP figures. Sterling was down around two tenths of a per cent against the US dollar, a fall…
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The US dollar made small gains against major rivals yesterday, although its progress did not seem to be driven by anything concrete.
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