Sterling gained yesterday as the scale of resistance to yesterday’s interest rate cut at the Bank of England surprised the markets. With four of the nine-member Monetary Policy Committee (MPC) resisting the call, and only the governor’s casting…
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The US dollar recovered yesterday morning from the slump that followed Tuesday’s bumper jobs data. But that was only half the story. In the afternoon, the US dollar saw its daily gains wiped out amid sustained selling pressure,…
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In a research note published earlier this week, analysts at Morgan Stanley predicted the euro could strengthen significantly in the near future. That scenario would hinge around ECB president Christine Lagarde failing to push back on the suspicion…
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Glad tidings to all households and businesses, but the pound might not be filled with the festive spirit today. Sterling will be impacted by the Bank’s decision but more specifically how markets feel rate setters are positioned for…
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Today’s interest rate decision from the Bank of England looks as close to a done deal as you’ll find in currency markets. As of yesterday afternoon, the implied likelihood of a quarter-point cut, which would take rates near…
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Those years of high interest rates seem finally to be having an effect, as inflation has just been revealed to have come crashing down to 3.2% annually, much lower than expected and with many prices falling last month.…
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Midweek brought no relief for the US dollar which lost another 0.50% against the pound (since reversed this morning) and half that against the euro on “Jobs Day”, as Bloomberg put it, with a data dump of employment…
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The ECB is also making an interest rate decision tomorrow, but here no change is expected. Despite this, things were less positive for the euro with small losses against the pound, Swiss franc and others. We’ve got final…
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