The Bank of England will announce its latest monetary policy decision around midday today. Expectations for an interest rate hike have decreased in recent days, however, a hike is still possible. Sterling could strengthen or weaken following the…
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The dollar is largely unchanged this morning but is still strong against a basket of currencies ahead of the Federal Reserve’s monetary policy meeting, which will take place this evening.
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The euro is stronger against the pound and slightly weaker against the dollar this morning ahead of the Federal Reserve’s meeting this evening.
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The pound is weaker this morning due to a change of expectations ahead of the Bank of England’s meeting tomorrow.
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The pound stabilised against both the euro and US dollar yesterday, following a drop on Monday that will have worried anyone with a GBP/EUR or GBP/USD trade coming up without the protection of a forward contract. Of course,…
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The Federal Reserve will conclude its latest monetary policy meeting this evening. It’s widely expected that officials will announce the tapering of the huge bond-buying program, scaling back economic aid and making plans for a post-pandemic future. Any…
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The dollar held firm yesterday as worsening inflation worries pushed the case for raising interest rates. Over the past week it has strengthened by almost 1% against both the pound and Japanese yen (indeed, strengthening during the past…
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The euro strengthened against its major peers yesterday, by nearly 0.5% against USD and GBP and by over 1% against the Australian dollar.
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