ECB policymaker Joachim Nagel said on Tuesday that while eurozone inflation has fallen significantly, that, “We must not let up too soon, rates must be sufficiently high for sufficiently long.”
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Ahead of Thursday’s interest rate decision, the monetary policy committee are said to be considering lowering interest rates to avoid a recession. The current split between policymakers is 1-6-2 for a 25 basis-point cut, hold and 25 basis-point…
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The pound-to-euro rate slid to its lowest level in five months yesterday as eurozone inflation declined more than expected to 2.9% in October.
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For the past two weeks the pound against the euro has continued in much the same way, barely moving within a thin range. However, it did flicker into life yesterday, recovering around 0.6% on the day, and has…
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The dollar fell across the board yesterday, in a day without any high-level data from the US side.
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Yesterday was a good day for the euro, powered by better-than-expected data from the eurozone’s largest economy, Germany. EUR strengthened by 0.5% against USD and by 0.8% against CNY.
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The first data of note in the early part of the week was housing numbers. Yesterday Zoopla revealed that house prices are falling in most of the country, especially in London and the south.
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In a day packed with economic data and in the shadow of an interest rate cut, pause or raise midweek, the pound remained stable against all but the US dollar, against which it strengthened by just less than…
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