by Charles Purdy | Dec 16, 2022
The single currency blossomed in the wake of a relatively modest rate rise of 50 basis points yesterday, following the last two 75 basis point rises. However, what led to the boom in EUR were the hawkish warnings from the ECB that interest rates must continue to rise,...
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by Charles Purdy | Dec 16, 2022
Sterling lost between 1.5 and 2% yesterday against the euro, US dollar and Swiss franc in the wake of the two interest rate decisions yesterday. Governor of the Bank of England Andrew Bailey said there was the “first glimmer” of inflation easing, noting November’s...
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by Charles Purdy | Dec 16, 2022
Yesterday, interest rate decisions from both the Bank of England (BoE) and European Central Bank (ECB) caused something of a bloodbath for sterling, which lost between 1.5 and 2% against the euro and US dollar. No recovery for the pound this morning either, just a...
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by Julian Benson | Dec 15, 2022
Today the big data release is retail sales which is predicted to increase only 0.2% after surging to 1.3% the month before. October’s month-over-month figures pointed to the strongest increase in eight months and today markets expect a smaller increase For more on...
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by Julian Benson | Dec 15, 2022
The European Central Bank (ECB) is expected to maintain a hawkish stance towards inflation in this afternoon’s interest rate decision. In its November meeting, policymakers agreed that the central bank should continue normalizing and tightening monetary policy to curb...
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