The pound has slumped against both the euro and the dollar following the Bank of England’s decision to raise interest rates from 0.75% to 1%, the highest rate since 2009. Sterling fell over 1% against the euro and…
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The pound has tumbled against the euro and the dollar following the Bank of England’s decision to raise interest rates by just 0.25% yesterday. Markets had priced in a larger rate hike, so the minimal increase caused major…
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The dollar has recovered the losses it suffered following the Federal Reserve’s decision to raise interest rates on Wednesday. Markets will now be keeping an eye on today’s non-farm payrolls and unemployment figures.
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The dollar has weakened against a basket of currencies following the Federal Reserve’s monetary policy meeting yesterday.
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The euro has strengthened against the dollar and the pound this morning, mainly due to dollar and sterling weakness.
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The pound is weaker against the euro and the dollar ahead of the Bank of England’s monetary policy meeting, which is due to take place later today.
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The Bank of England will hold its latest monetary policy meeting today. The UK’s interest rate is expected to be hiked for the fourth time since December to tackle high inflation in the UK and the markets are…
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The dollar is stronger against the pound, and little changed against the euro this morning ahead of the Federal Reserve’s interest decision.
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