The markets will be listening closely to a series of speeches from Federal Reserve officials this week, hoping for more information about the timeline for tapering monetary policy.
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The euro has weakened slightly this morning against the euro and the dollar as the markets await the final outcome of the German election.
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The pound is trading around the same levels against the euro and the dollar as it was at the end of last week, following the Bank of England’s monetary policy meeting.
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Sterling is trading around the same levels as at the end of last week, ahead of speeches from Governor Andrew Bailey today and Wednesday. The markets will be listening for any comments about monetary policy following the Bank…
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Sterling saw swings of well over 1% over the past two weeks against the euro, so it will be interesting to see if that continues in what is shaping up to be an interesting week. The fuel crisis…
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The dollar had a poor week, losing to the majority of major currencies, in particular NOK, CAD and CHF, where the week’s losses were between 0.75 and 1.25%. There was little movement against either the euro or British…
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The euro’s gains against the pound were pared back yesterday following the BoE’s hawkish tone on monetary policy yesterday saw the likelihood of the European Central Bank lagging behind the UK in raising interest rates next year.
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The pound strengthened following the Bank of England MPC meeting yesterday, as the markets believe the Bank is still on course to raise interest rates early in 2022.
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