by Charles Purdy | Apr 10, 2024
The pound strengthened a little yesterday, gaining around a quarter of a percent on the euro and US dollar, to its highest point against the euro for a week. It’s all revving up in the starting grid for which central bank will be the first to cut interest rates, with...
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by Jonathan Cook | Apr 10, 2024
We haven’t talked too much about the UK this week, but it’s hard to overstate how important Friday’s GDP figures are. There’s a sense of anticipation building already and that’s only likely to grow (and affect currency markets) as the week goes on. GBP/USD: the past...
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by Jonathan Cook | Apr 10, 2024
In a research note published yesterday, analysts at TD Securities said they expected the ECB’s Christine Lagarde to be less forceful at Thursday’s interest rate press conference. Lagarde already signalled pretty clearly that she expected rates to be cut in June, which...
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by Jonathan Cook | Apr 10, 2024
Markets have been steadily scaling back their bets on rate cuts from the Federal Reserve this year. According to the data, there’s now a 50% chance that there will be three cuts in 2024, down from between six and seven cuts forecast back in January. EUR/USD: the past...
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by Jonathan Cook | Apr 10, 2024
Currency markets have been unusually quiet to begin this week but some juicy economic events promise to shake things up. First up is US inflation data today, the prospect of which helped to dampen any big moves across Monday and Tuesday. Inflation is a hugely...
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