by Charles Purdy | May 11, 2023
Both the benchmark Stoxx 600 and the German DAX were down 0.3% each in afternoon trading on Wednesday. Financials were also down, nearly 1%, with banks falling by just over half a percent. This came as investors mulled over the latest US inflation data. This morning...
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by Charles Purdy | May 11, 2023
With the UK’s annual inflation rate hitting just over five times the Bank of England’s (BoE’s) target, 10.1%, in March, all eyes will be on the BoE this afternoon for its latest interest rate decision. The BoE is expected to raise the bank rate by 25...
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by Christopher Nye | May 11, 2023
The pound is still strong against the US dollar on a weekly and monthly footing, after rising to its strongest level in a year on Wednesday. Sterling also maintains gains from this week’s rally against the euro and currently boasts monthly gains of nearly 1 per cent...
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by Charles Purdy | May 10, 2023
Sterling reached its highest level since 15th December 2022 against the euro this morning and remains close to the year-long high it reached against the US dollar on Monday. It all comes in a hectic week or two in the currency markets as we await the Bank of England’s...
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by Julian Benson | May 10, 2023
The University of Michigan’s preliminary consumer sentiment for the US increased in April to 63.5 from 62 in March. This comes despite rising inflation and increasingly pessimistic news surrounding business conditions. For more on currencies and currency risk...
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