As the Federal Reserve’s FOMC settles in for two days of meetings that will end in tomorrow’s interest rate decision, the dollar had a mixed day. It gained strongly against the euro and sterling in the early part…
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The single currency fell by around 1% against the dollar yesterday, but has since regained around half of those losses. Against sterling the picture was reversed, with choppy gains over the day since pared back this morning.
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Sterling fell across the board yesterday, in a key week for central bankers at home and abroad. However it has since partially bounced back.
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Sterling lost around 0.5% against the euro but over 1% against the US dollar yesterday as global inflation raised its head again in a key week for interest rate-setters. Some of sterling’s losses have been clawed back this…
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The dollar is still weaker than both sterling and the euro this week following the recent recovery sterling has made in the wake of Truss’s resignation.
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Annual GDP growth rate will be released at 11am today. This morning markets are expecting YoY GDP to come in at 2.5%.
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After shooting up against the euro at lunchtime on Friday, the pound maintains those gains into this week.
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Newspaper allegations surfaced over the weekend claiming that former prime minister, Liz Truss’s phone was hacked by suspected Russian agents.
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