by Julian Benson | May 3, 2024
Sterling heads into Bank Holiday weekend 0.3% higher against the US dollar and the euro on the week, benefiting from dovish messaging from the Federal Reserve and a lack of market-moving euro area data. UK local elections took place yesterday and the results are...
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by Julian Benson | May 2, 2024
Yesterday, Federal Reserve policymakers chose to hold interest rates within the 5.25–5.5% range as pressures remain surrounding inflation and the taut US labour market. Fed chair Jerome Powell pointed out that progress on taming inflation had stagnated but that it was...
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by Julian Benson | May 2, 2024
Following the Federal Reserve’s decision to keep US interest rates unchanged, the pound remains vulnerable as investors expect speculation for Bank of England rate cuts to follow. Current market forecasts suggest the BoE could cut borrowing costs in the June or August...
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by Julian Benson | May 2, 2024
Tomorrow, investors will receive the euro area unemployment rate for March, which is forecast to match January and February’s figures of 6.5% – close to a record low for the area.
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by Julian Benson | May 2, 2024
The ISM poll of manufacturing purchasing managers in the US fell to 49.2 in April from 50.3 in March, which marked the first industry expansion for 6 months. New orders fell into contraction as did the backlog of orders, while production was maintained at...
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