All eyes will be on the European Central Bank’s monetary policy meeting, which is due to take place later today. Officials are set to end the ECB’s bond buying programme and pave the way for interest rate hikes…
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The main event this week will be the release of US inflation data on Friday. Inflation is predicted to have stayed the same year-on-year in May and core inflation is predicted to have decreased slightly.
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Later today, GDP growth figures and employment data will be released ahead of the European Central Bank’s monetary policy meeting tomorrow.
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The pound experienced a day of volatility yesterday. After weakening in the morning following the vote of confidence in Boris Johnson, it then strengthened against the euro and the dollar in the afternoon.
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After weakening yesterday morning following the vote of confidence, the pound made a surprise recovery against a handful of currencies in the afternoon. This boost seemingly occurred for no clear reason. Sterling has now plateaued against the euro…
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The currency markets can be a riddle, wrapped in a mystery, inside an enigma, and if you want to know how pointless financial analysts’ predictions are, just check them a week or two later. Hence, in our last…
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The US dollar enjoyed a positive day yesterday, beating all of its major rivals and putting sterling securely back in its box this morning after the brief no-confidence-vote recovery.
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Aside from yesterday’s brief drop against sterling – since almost recovered – the single currency has had a strong run, marginally beating most of its major rivals over the past week apart from AUD, CAD and USD.
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