by Charles Purdy | Oct 20, 2023
The dollar went in all sorts of directions yesterday as comments from Federal Reserve chair Jerome Powell and other policymakers on the Fed’s interest-rate-setting committee the FOMC were considered. From tomorrow the members of the FOMC go into a blackout period...
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by Charles Purdy | Oct 20, 2023
It was a highly positive day for the euro, with gains of between 0.4% and 0.8% against major rivals. Reasons for that strength include a stronger risk appetite among investors. There was very little data for the markets to chew on and that goes for today too. However,...
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by Charles Purdy | Oct 20, 2023
Sterling’s fortunes diverged yesterday, crashing to a five-month low against the euro, but strengthening overall against the US dollar after a topsy-turvy day. It’s been all downhill this morning, however, following two new data releases. GfK Consumer Confidence...
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by Charles Purdy | Oct 20, 2023
Yesterday was an interesting day for currencies, with sharp changes in direction for the pound, euro and US dollar, but this morning’s retail and consumer confidence data has sent sterling to its weakest for five months against the euro. Before moving on, yesterday we...
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by Julian Benson | Oct 19, 2023
US investors trade with caution ahead of Fed chair, Jerome Powell’s speech this afternoon at the Economic Club of New York luncheon. His attitude towards policy outlook will be closely scrutinized. Markets currently have an interest rate pause priced in for November....
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