by Christopher Nye | Sep 22, 2023
Sterling weakened by up to 1% against major rivals yesterday before and after the Bank of England (BoE) announced the first pause in interest rate rises since November 2021. Against the euro, sterling hit its lowest since May and against the US dollar its lowest since...
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by Christopher Nye | Sep 21, 2023
The dollar gained, as we predicted yesterday, not from the fact that interest rates were kept on hold, but from the possibility that they will rise again before long. The Fed was upbeat in its assessment of the US economy, which is allowing it to hope that it can keep...
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by Charles Purdy | Sep 21, 2023
While the pound slumped and the US dollar swelled yesterday, it was a mixed day for the euro with no great movements anywhere. This was despite several of the ECB’s interest rate setters speaking. This morning we have had a reading for French business confidence of...
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by Charles Purdy | Sep 21, 2023
Sterling sank yesterday after the inflation data, but the falls were modest. The main event of today will be the interest rate decision from the BoE at midday, with even a modest, dovish rise to 5.5% no longer priced in. By this time tomorrow that may all be old news....
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by Charles Purdy | Sep 21, 2023
Yesterday’s inflation data led to the pound losing against just about every other currency. However, the losses were not enormous – around a quarter per cent against the euro, yen and Canadian and Australian dollars, and half a per cent against the US dollar and yuan....
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