by Christopher Nye | Feb 7, 2023
Markets saw the latest in S&P Global/CIPS UK Construction PMI yesterday. The purchasing managers index fell 0.4 points from last month to 48.4 in January. This signalled the sharpest decline in the UK’s construction output since May 2020. According to the data,...
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by Christopher Nye | Feb 7, 2023
The aftermath of last week’s BoE, ECB and Federal Reserve interest rate decisions continues to weigh heavy on exchange rates. Sterling was on the back foot on Monday and the gloomy mood added pressure to the already risk-sensitive pound. GBP/USD fell to a fresh...
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by Christopher Nye | Feb 6, 2023
The dollar begins the week stronger than a handful of its rivals including sterling, the euro and the canadian dollar following surprising jobs data last week. This week, investors will be listening keenly to Chair of the Federal Reserve, Jerome Powell, who is due to...
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by Christopher Nye | Feb 6, 2023
The euro is still weak against the US dollar after tumbling on Thursday for the first time since last April. This follows strong US jobs data last week which turned investors to the US dollar. Additionally, investors digested dovish signals from ECB policymakers,...
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by Christopher Nye | Feb 6, 2023
At 9:40 this morning, member of the BoE’s Monetary Policy Committee, Catherine L. Mann will speak following the latest inflation rate. In its February meeting, the BoE voted by a majority of 7-2 to raise interest rates by 50bps (to 4.0%). This was the...
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