by Charles Purdy | Jul 28, 2023
The single currency lost out against most major currencies yesterday following “marginally doveish” comments from the ECB president Christine Lagarde yesterday, even after they raised interest rates to their highest level in Europe for 22 years. Before that, Spanish...
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by Charles Purdy | Jul 28, 2023
The pound dropped between 1% and 2% against the US and Canadian dollars, yuan and yen yesterday. One cause of that, on a day when there was no major UK data, appears to be comments from ECB chief Christine Lagarde that the interest rate hiking cycle may be coming to...
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by Charles Purdy | Jul 28, 2023
Despite dropping ahead of the European Central Bank’s (ECB’s) interest rate decision, the pound ended Thursday largely unchanged against the euro. It is around 0.75% up on the start of the week and slightly ahead of this time last month. Against the US dollar,...
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by Julian Benson | Jul 27, 2023
The Federal Reserve’s decision to raise interest rates by a quarter of a percentage marks the US central bank’s 11th hike in the last 12 policy meetings and possibly a final move in its monetary tightening policy. For more on currencies and currency risk management...
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by Julian Benson | Jul 27, 2023
This morning, new figures from the GfK Group revealed Germany’s consumer climate indicator rose slightly to -24.4 in August, up from -25.2 in July. Higher than forecasts, the morale is believed to be boosted by waning pessimism in the hope of calming...
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