by Charles Purdy | Jun 16, 2023
The single currency leapt against the dollar and the pound yesterday as soon as the ECB made its interest rate announcement. But while it lost that gain straight away against the pound, it continued to rise against the US dollar, stretching to 1.1% by the end of the...
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by Charles Purdy | Jun 16, 2023
A mixed day for sterling yesterday as the markets assessed the relative hawkishness of central bankers and decided that they would get a better return from the euro in the wake of the ECB’s interest rate decision. However against the US dollar and Japanese yen the...
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by Charles Purdy | Jun 16, 2023
A nervy day for sterling saw it lose close to half a cent against the euro soon after midday, before recovering most of the losses by the end of the afternoon. On the other hand, it was all positive against the US dollar, with a gain of 1% on the day taking GBP/USD to...
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by Christopher Nye | Jun 15, 2023
The US Federal Reserve left its interest rate unchanged in its June meeting yesterday. This was in line with market expectations and means interest rates in the US remain at 5.25%. The decision marked the first pause in tightening, after ten consecutive hikes that...
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by Christopher Nye | Jun 15, 2023
We’ve just seen the final monthly and yearly inflation rates for France, both fall in line with market expectations. Monthly consumer price inflation edged down by 0.1% in May, while the year-on-year rate dipped to 5.1% from...
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