The dollar has emerged as the week’s strongest performer after the Federal Reserve indicated that the era of high interest rates may not be over. This hawkish surprise has pushed US borrowing costs upward and solidified the dollar’s…
Read more
›
The euro has maintained a solid position against the pound this week, though it has struggled to keep pace with a surging US dollar. Despite brief volatility caused by rumours of leadership changes at the central bank, the…
Read more
›
The pound opened near its lowest level of the year against the euro this morning, as cooling inflation increases the likelihood of a Bank of England rate cut in March. While the market has stabilised today, the currency…
Read more
›
It has been a challenging week for anyone hoping the pound would keep its strength. And last night, the pressure came from an unexpected direction. Minutes from the US Federal Reserve’s January meeting showed that some officials were…
Read more
›
Pancake day landed in a bit of a splat for the pound, with economic data strengthening the case for another interest rate cut sooner rather than later. The traditional precursor to Lent saw the pound cut back early,…
Read more
›
It was a positive start to the shortened week for the US dollar. Regardless, there are significant concerns about both the dollar’s long-term viability and the independence of the Fed. According to Bank of America, an increasing number…
Read more
›
Despite strengthening against the pound, the euro had a tougher time against the US dollar after the German ZEW economic sentiment survey came in below expectations. That was an interesting data point to pair with the forecasted 5%…
Read more
›
The traditional time of cutting back started early for sterling. The pound weakened by close to a cent against both the US dollar and the euro on Tuesday, as increasingly confident predictions of a March rate cut confirmed…
Read more
›
