by Julian Benson | Oct 11, 2023
European shares are slightly down this morning, following a rally on Tuesday fuelled by US policymakers’ dovish stance. Frankfurt’s DAX 40 dropped 0.3% and the pan-European STOXX 600 lost around 0.2%.
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by Julian Benson | Oct 11, 2023
Pound investors are betting on August’s GDP figures from the Office for National Statistics to boost the currency. Markets forecast a 0.1% growth following a 0.5% decline in July.
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by Julian Benson | Oct 11, 2023
The pound and euro rebounded against the US dollar on Tuesday, gaining 0.65% and 0.7%, respectively as the market mood improved. Sterling’s advances came following hawkish commentary from Bank of England policymaker, Katherine Mann, who called for a more aggressive...
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by Charles Purdy | Oct 11, 2023
Sterling has continued its recovery, gaining roughly 0.5% against the euro since the start of the month and 1% against the US dollar. The movements in currencies have been extremely hard to predict lately, influenced by bond yields, gas supplies, interest rates,...
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by Charles Purdy | Oct 10, 2023
The US dollar’s safe haven status appears to have been short-lived, with falls against most other major currencies. Several members of the Fed’s rate setting committee the FOMC will be speaking today, and then tomorrow we have Producer Price Inflation (PPI) a good...
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