Euro falls against rivals as ECB keeps rates steady

by | Oct 27, 2023

The European Central Bank chose to keep interest rates unchanged at 4.5% in October and as a result, the euro lost 0.25% and 0.5% against the pound and US dollar, respectively. Economists were prepared for this decision but were eager to determine if ECB policymakers...


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ECB expected to keep interest rate unchanged

by | Oct 26, 2023

The US dollar gained close to half a per cent against the pound on Wednesday, underpinned by strong manufacturing and services activity data. This morning, the US dollar matched yesterday’s gains, taking sterling to a three-week low. The pound also made marginal...


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GBP: UK car production soars

by | Oct 26, 2023

In September, UK car production jumped 39.8% year-on-year to 88,230 units. This reflects the strongest month of growth this year and the best since September since 2020. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...


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USD: Consumers fuel the economy

by | Oct 26, 2023

Economists expect the US to report an annualized growth rate of 4.3% in the three months to September, after a 2.1% rate of growth in the previous quarter.  The main driver of economic growth will be the US consumer. For more on currencies and currency risk management...


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