Tomorrow morning the UK unemployment rate is expected to remain unchanged at 4.3%.
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The pound extended its losses against the US dollar last week as major stocks fell amid concerns about an escalation in the Israel and Gaza conflict.
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What will this week be like for sterling against the euro and US dollar, after a 1% or more drop between Monday evening and Friday morning last week? The pound has remained stable, and even recovered a little…
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The dollar went in all sorts of directions yesterday as comments from Federal Reserve chair Jerome Powell and other policymakers on the Fed’s interest-rate-setting committee the FOMC were considered.
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It was a highly positive day for the euro, with gains of between 0.4% and 0.8% against major rivals.
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Sterling’s fortunes diverged yesterday, crashing to a five-month low against the euro, but strengthening overall against the US dollar after a topsy-turvy day. It’s been all downhill this morning, however.
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Yesterday was an interesting day for currencies, with sharp changes in direction for the pound, euro and US dollar, but this morning’s retail and consumer confidence data has sent sterling to its weakest for five months against the…
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US investors trade with caution ahead of Fed chair, Jerome Powell’s speech this afternoon at the Economic Club of New York luncheon. His attitude towards policy outlook will be closely scrutinized. Markets currently have an interest rate pause…
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