Despite supportive data and market predictions of an interest rate rise, sterling fell against the euro yesterday following positive economic data on the Continent.
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The single currency staged a recovery yesterday afternoon following economic news that was supportive, including eurozone GDP rising well ahead of expectations. This meant that the pound fell by close to 0.5% against the euro despite otherwise supportive…
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It’s a busy week for economic data releases in the US, which will conclude with all-important Non-Farm Payrolls on Friday.
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Whilst no policy changes are expected to be announced at the European Central Bank’s meeting, the markets will be listening out for any comments from officials on the timing of monetary policy.
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The pound finished last week at strong levels against the euro and the dollar. It is still trading around the same levels this morning ahead of the Bank of England’s monetary policy meeting, which is due to take…
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It’s a busy week for central bank meetings, with both the Bank of England and the European Central Bank due to hold theirs on Thursday. Whilst it is widely expected that the BoE will hike interest rates again,…
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Sterling starts the week looking strong, back at close to its highest since the referendum in 2016 against the euro, but having slipped a couple of percentage points against the US dollar over the past two weeks. Its…
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The euro has weakened against both the pound and the dollar this morning, reaching its lowest level against the greenback since spring 2020. The French economy grew by 7% in 2021, its strongest growth in 52 years.
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