by Jonathan Cook | Mar 18, 2024
The US dollar rebounded last week, posting strong gains over the pound and the euro. Whether it can maintain that strength is another question, although it may well benefit from changing interest rate expectations. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Christopher Nye | Mar 15, 2024
A reversal for Producer Price Inflation, rising by 0.6% last month, strengthened the dollar yesterday – while weakening the stock market – in the week before an interest rate decision from the US Federal Reserve. Today we’ll hear the Michigan Consumer Sentiment Index...
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by Christopher Nye | Mar 15, 2024
It was declines almost across the board yesterday following calls for interest rate cuts from one of the European Central Bank’s interest rate setters. Final results for inflation in France and Italy today will strengthen or weaken Mr Yannis Stournaras’s claim, and on...
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by Christopher Nye | Mar 15, 2024
Sterling weakened marginally yesterday due to rising inflation expectations in the USA hitting the stock markets. Next week is a “hang on to your hats” sort of week, with an interest rate decision from the Bank of England and several high-level readings – inflation,...
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by Charles Purdy | Mar 15, 2024
In a quiet day for UK data, the pound held steady at close to its new normal, more than 3% stronger than last year, against the euro. However, it slipped a little against the US dollar (while remaining 5% up on last year overall). In the UK housing market, surveyors...
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