by Julian Benson | Nov 1, 2023
ECB policymaker Joachim Nagel said on Tuesday that while eurozone inflation has fallen significantly, that, “We must not let up too soon, rates must be sufficiently high for sufficiently long.”
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by Julian Benson | Nov 1, 2023
Ahead of Thursday’s interest rate decision, the monetary policy committee are said to be considering lowering interest rates to avoid a recession. The current split between policymakers is 1-6-2 for a 25 basis-point cut, hold and 25 bp rate hike. GBP/USD: the past...
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by Julian Benson | Nov 1, 2023
The pound-to-euro rate slid to its lowest level in five months yesterday as eurozone inflation declined more than expected to 2.9% in October. The markets had forecast a decline from 4.3% in September to 3.3% but were pleasantly surprised with the 2.9% reading. This...
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by Charles Purdy | Nov 1, 2023
For the past two weeks the pound against the euro has continued in much the same way, barely moving within a thin range. However, it did flicker into life yesterday, recovering around 0.6% on the day, and has strengthened marginally against other currencies too. Why...
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by Charles Purdy | Oct 31, 2023
The dollar fell across the board yesterday, in a day without any high-level data from the US side. This afternoon we will get some housing market numbers, and tomorrow is the first of two key labour market readings: JOLTS job openings. There will also be ISM...
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