A busy week for central bankers ended with clearer worries over inflation and the post-pandemic recovery which could see interest rate rises early. However, overall it was an indecisive week for major currencies, with most approaching the end…
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As expected, Federal Reserve officials left monetary policy measures unchanged yesterday. However, Fed Chair Jerome Powell said that changes could happen as soon as November.
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This morning, German PMI data has been released, showing that the growth of the services and manufacturing industries slowed a little in September compared to August.
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Today, focus turns to the Bank of England’s latest monetary policy meeting, which is due to take place at midday today.
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The Bank of England will hold its latest monetary policy meeting later today and the markets will be listening closely for comments from officials. Whilst no changes to policy are expected, it will be interesting to see if…
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The dollar was still strong against most currencies yesterday, benefitting from its ‘safe-haven’ status due to the cautious market mood.
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It’s a light day for European data today, but consumer confidence figures for the Eurozone will be released this afternoon.
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The pound reached a one month low against the dollar and a two-week low against the euro yesterday, as the UK’s energy crisis has taken its toll.
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