The dollar is slightly weaker against a basket of currencies this morning after Federal Reserve Chairman, Jerome Powell, said on Friday that it’s not time to be raising interest rates.
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The markets are awaiting the European Central Bank’s latest decision on interest rates, which will be announced on Thursday.
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Bank of England official, Silvana Tenreyro will speak later today and could build on comments made by new Chief Economist, Huw Pill, at the end of last week.
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The pound is strong against the euro and the dollar today ahead of the autumn Budget, which will take place on Wednesday. Chancellor Rishi Sunak is expected to reveal extra funding for the NHS, as well as plans…
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The pound starts slightly on the backfoot this week, with a 0.5% drop against the euro compared to last Monday. It’s all relative though, and GBP/EUR remains very close to its strongest position since the Brexit referendum in…
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The dollar has weakened slightly against the euro this morning but has made some gains against the pound. The greenback was relatively unaffected by yesterday’s mixed bag of data.
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The euro has held onto its gains against the dollar this morning and has strengthened a little against the pound. Eurozone consumer confidence fell in September as supply chain issues persist.
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The pound has weakened slightly against the euro and the dollar this morning following a series of disappointing data releases. Retail sales fell for a fifth consecutive month in September. According to some economists, the petrol crisis is…
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