The Bank of England will publish the minutes from its latest monetary policy meeting at 12pm today and all eyes will be on whether interest rates are set to be raised. An interest rate hike to 0.5% is…
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Later today, ADP employment change figures will be released for the US. This will show how many jobs were added to the US economy by private businesses in January.
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The inflation rate for January is expected to ease slightly year-on-year, coming in at 4.4% compared to December’s figure of 5%.
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Yesterday, UK manufacturing PMI was revised higher to 57.3 for January, below December’s reading of 57.9. However, it is still a strong start to the year for the sector and the data showed that the impact of supply…
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The pound is stronger against the dollar this morning and is trading at strong levels against the euro ahead of the Bank of England’s monetary policy meeting tomorrow. It is widely expected that the Bank will raise the…
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Sterling has now been hovering around the same level against the euro for four weeks, showing no signs of breaking through the current resistance level. This is despite an interest rate rise to 0.5% apparently guaranteed tomorrow, and…
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The dollar’s year of gains against the euro were sharply reversed yesterday as it dropped from a 19-month high by nearly 1% from Sunday night, and by around 0.5% against the British pound.
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Yesterday the euro powered out of the dip it fell into in the latter part of last week, strengthening by 1% against USD and slightly less against the pound.
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