by Jonathan Cook | May 22, 2024
Markets looked ahead to the publication of FOMC minutes tonight, which helped to limit any US dollar fightback. The question could be whether policymakers make similarly positive comments in the minutes as they have been at their string of appearances this week....
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by Jonathan Cook | May 22, 2024
The euro beat back a sterling advance yesterday while continuing to trade in a tight range against the US dollar. For the moment, the euro is waiting for impetus, be that positive or negative. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | May 22, 2024
UK food inflation has now fallen to its lowest since 2021. That’s good news for shoppers, who have been forced to adopt cost-saving measures since then, such as subscribing to supermarket club schemes and purchasing more own-brand products. According to experts, it...
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by Jonathan Cook | May 22, 2024
UK headline inflation fell to 2.3% in April, a steep drop from last month’s 3.2% but on the higher end of the predicted range. The fall was driven by a significant reduction in the energy regulator Ofgem’s price cap, which led markets and economists to predict...
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by Jonathan Cook | May 21, 2024
The schedule of Federal Reserve speeches today and yesterday more closely resembles a talk show than an economic calendar. However, interest is significant given FOMC minutes arrive on Wednesday and market expectations of rate cuts have recently shifted. EUR/USD: the...
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