The Bank of England's Monetary Policy Committee (MPC) member Swati Dhingra warned that higher interest rates could lead Britain's economy into a "deeper and longer recession."
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The pound continues to sail through the first week of December on a positive note, after reaching its strongest point against the US dollar and euro since summer at the end of last week.
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Last week was positive on the whole for sterling, gaining over 1.5% against the US dollar and around 0.5% on the euro after a distinctly rocky Monday. However, GBP/EUR is a good 2% up on a month ago,…
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Jerome Powell sunk the dollar this week. The Federal Reserve chairman commented on Wednesday evening that interest rates would not need to go above 5% and since then the greenback has lost some 1 to 2% against most…
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The euro gained strongly against all the dollars yesterday, including by over 1% against USD and AUD. There was no success against sterling, however: the euro lost around 0.5%.
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Sterling is approaching the end of the week some 1.5% up on the US dollar compared to the start of the week. Although the swing for GBP/EUR over the past few days has also been close to 1.5%…
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It’s been a week where good news has broken out all over, boosting sterling to its strongest point against the USA dollar since early summer and against the euro since late summer. The positive economic news hasn’t necessarily…
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Employment rate in the US increased by 127,000 jobs in the last month, which is the lowest increase since January 2021. This suggests labour demand is low.
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