Federal Reserve Governor Chris Waller made comments on Sunday reiterating that the Federal reserve isn't done with its hawkishness
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The euro shrugged off gloomy economic projections from the European Commission, maintaining its gains against the dollar this morning.
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The main events on everyone's radars this week will be the release of Britain's latest inflation data and the chancellor's Autumn Statement.
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Sterling begins the week stronger than it did against the us dollar last week despite gdp data revealing that the UK’s economy contracted by 0.2% in the most recent quarter.
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Sterling starts the week well above last Monday against the US dollar – some 4% – but in a similar position to where it started last week against the euro. That is still slightly above the average of…
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The dollar fell across the board yesterday in the wake of the lower-than-expected inflation rate. It had already been on the slide with the US midterms results yet to be fully announced.
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The euro moved to well above parity with the US dollar yesterday, hitting its highest rate since mid August. It moved in the opposite direction against the pound, however, weakening by well over 1%.
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Sterling had a strong day on Thursday in the fall out from US inflation data being lower than predicted. A surge in global stock markets tends to support sterling.
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