The Fed’s final meeting of the year has been setting the direction for the US dollar for weeks. After a long period of holds, interest rates have been slashed by 75 basis points (or 0.75%) since September. Politics…
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Christine Lagarde dropped a strong hint that the European Central Bank (ECB) would soon upgrade its 2025 full-year GDP forecasts for the second time in three months. The ECB noted that the eurozone had navigated the trade war…
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Sterling doesn’t have anywhere to hide after last night’s decision in Washington. In fact, it has its own interest rate decision to navigate a week from today. That comes after a busy run of economic releases that begins…
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At its last meeting of 2025, the Federal Reserve voted to cut interest rates by a quarter point (0.25%). That decision put to bed weeks of frenzied speculation from across global markets and came with enough of a…
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Some of the froth came off the pound’s recent gains yesterday, but it’s still clinging on to a position close to a six-week high against the euro. The background to exchange rate movements right now is interest rates…
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Positive data on job openings yesterday failed to impress the currency markets – or at least, not as much as they were concerned at the interest rate cut expected today. We’ll get that decision at 7pm UK time.
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There was no coherent picture for the single currency yesterday, as it headed in wildly different directions – a 0.75% gain on the yen and smaller gains on GBP, USD and NOK but in the red against AUD…
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The froth came off the pound’s recent gains yesterday, with roughly 0.5% losses against the Aussie dollar but rather less against the US dollar and euro. The data picture picks up over the week, all leading up to…
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