by Jonathan Cook | Jul 16, 2024
Wednesday’s inflation figures loom as the biggest threat to sterling’s ascendency. Currency markets can change in the blink of eye, however, and sometimes from unexpected causes. The Bank of England’s Swati Dhingra proved that yesterday, using a podcast appearance to...
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by Jonathan Cook | Jul 16, 2024
Currency markets poked and prodded their way into the new week as investors looked for direction after the weekend’s events. A shortage of economic figures meant that yesterday’s action lacked a certain impetus, but big data releases later in the week should solve...
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by Julian Benson | Jul 15, 2024
Last week’s sterling strength was detrimental to the US dollar, which lost over half a per cent on Friday, taking its monthly losses to over 2%. The US dollar is currently 1.6% lower against the euro this month, but support has picked up again this morning. USD/EUR:...
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by Julian Benson | Jul 15, 2024
This week, European Central Bank policymakers will vote on monetary policy. Following June’s 25-basis point decrease, Bank members remain determined to bring inflation back down to the target of 2.0%, however, it is stressed they’ll maintain a data-dependent...
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by Julian Benson | Jul 15, 2024
After last week’s strong momentum against the euro, the pound’s position remains dependent on this week’s inflation and wage figures. If supportive, the pound could continue to climb, however, should market forecasts be undershot, the pound could slip. To manage your...
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