by Julian Benson | Dec 18, 2023
The US dollar was on the back foot last week following the Federal Reserve’s decision to keep US interest rates unchanged at 5.25%-5.5%. The US dollar is currently 1.22% and 1.49% lower against the pound and euro, respectively, on the week. For more on currencies and...
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by Julian Benson | Dec 18, 2023
On Tuesday, the inflation rate for the euro area is forecast to decrease from 2.9% to 2.4%. Should this go to plan, it will suggest the European Central Bank’s monetary policy has been somewhat effective. On Wednesday, investors will receive the latest on the...
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by Julian Benson | Dec 18, 2023
On Wednesday, UK inflation is forecast to fall from 4.6% to 4.3%. Bank of England policymakers are hopeful that their approach to monetary policy is efficient enough to start chipping away at British inflation, which is currently at the lowest level since late 2021....
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by Charles Purdy | Dec 15, 2023
Jerome Powell’s apparent volte face on Wednesday led to the US dollar losing heavily in the past couple of days. USD hit a four-month low against EUR and a three-month low against GBP. On the data front, however, there was good news for the economy with...
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by Charles Purdy | Dec 15, 2023
The euro moved in lockstep with sterling against the US dollar yesterday, gaining over 1% as Christine Lagarde made it clear that the ECB did not see the battle against inflation as won. “Should we lower our guard?” she said. “We asked ourselves that. No. We should...
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