Sterling had a positive day against the US dollar, strengthening by around half a cent and regaining the week’s losses. There has also been some success against the euro too, with a similar rise since the start of…
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US stock The Dow Jones lost more ground yesterday as the threat of a governmental shutdown loomed. On Tuesday, it lost nearly 400 points after the latest home sales results and shed nearly 110 yesterday.
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When asked when the rate hiking cycle would end, European Central Bank member, Frank Elderson, said, “There is still a lot of uncertainty. That’s why we take these decisions meeting-by-meeting, on a data-dependent basis.”
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The pound decreased to a 27-week low against the US dollar yesterday after underperforming in recent sessions. However, high interest rates may attract more support for the GBP/USD rate.
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The US dollar continued its rally against rival currencies, the euro and pound, yesterday as the bleak economic outlook weighs on investor's minds and US economists keep an eye on political developments.
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Sterling has been weakening steadily against the US dollar and a bit more rapidly against the euro. However, it remains well above the average of 2023 against both, and is worth fixing with a forward contract if you…
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Early this afternoon, the data for US durable goods orders will be released. Markets expect orders to decline 1.4% in August from a 5.2% decrease just a month before. July’s result marked the sharpest decline since April 2020.
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This morning the European Central Bank’s non-monetary policy meeting will be held ahead of the central bank’s general council meeting tomorrow. After that, several policymakers including McCaul and Enria are due to speak out on the Bank’s economic…
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