A series of PMI data will be released for the eurozone and Germany tomorrow, which will give an indication as to how both economies have performed in March.
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This morning, UK inflation figures for February have come in higher-than-expected. Annual inflation rate increased to 6.2%, up from January’s reading of 5.5% and above market forecasts of 5.9%. It is the highest inflation rate since March of…
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After surging yesterday afternoon, the pound is still strong against the euro and the dollar this morning. UK inflation figures for February were released earlier today, coming in above expectations and soaring to a 30 year high. Rising…
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Sterling recovered significantly this week, returning to the levels of the start of the month against the euro, although it has dipped somewhat this morning. The first of the potential financial shocks of the week has been and…
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The dollar had a positive day yesterday, strengthening against all of its major rivals by as much as 0.7% and recovering from the losses it made around the Fed’s interest rate decision last week.
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The euro weakened against both US dollar and pound sterling yesterday and early this morning. Indeed it has fallen steadily against most of its major rivals apart from the Japanese yen over the past week.
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With the pound recovering against the euro but equivocal against the US dollar (indeed, all of its major dollar rivals), market movement is likely tomorrow when the inflation figures for February are released.
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The pound has been climbing steadily since last week when the Bank of England’s split decision (1 to 8) on raising interest rates sent the markets into a tail spin. Against the US dollar things have been a…
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