by Charles Purdy | Dec 15, 2023
Sterling joined the euro in shooting upwards against the US dollar, gaining well over 1% on USD. However, overall the pound remained stable as interest rates were held at 5.25% and Andrew Bailey insisted that interest rate drops were a long way off. “There is still...
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by Charles Purdy | Dec 15, 2023
Sterling powered upwards against the US dollar yesterday following the Bank of England decision on interest rates. Not so much because of the decision to hold rates at 5.25%, but because of the relatively hawkish comments from the governor Andrew Bailey, and because...
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by Julian Benson | Dec 14, 2023
Last night, the US Federal Reserve decided to keep interest rates unchanged at 5.25-5.55% at its December meeting but indicated cuts of 75 basis points in 2024. Despite meeting market expectations, the US dollar lost 0.85% and 0.92% against the pound and euro,...
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by Julian Benson | Dec 14, 2023
After keeping the rates unchanged in its December meeting, the Fed’s revealed that officials’ median view of the policy rate at the end of 2024 stood at 4.6%, which would require a reduction of 75 basis points between now and...
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by Julian Benson | Dec 14, 2023
The European Central Bank is expected to keep interest rates at the current multi-year high of 4.5% this afternoon. This comes following policymakers’ cautious “wait-and-see” approach outlined in late summer regarding the battle against high...
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