The pound trading at similar levels against the euro and dollar this morning, ahead of the Bank of England’s latest interest rate decision later.
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The markets are looking to the Bank of England’s latest decision on monetary policy, which is due to be announced at midday. Whilst it is thought that interest rates will be kept the same, any changes to quantitative…
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Treasury Secretary, Janet Yellen, said earlier this week that interest rate hikes may be needed as the economy recovers. However, she later downplayed this comment.
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The ECB’s Chief Economist, Philip Lane, will speak later today and markets will be looking out for any comments on economic recovery in Europe.
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It’s a light day for data in the UK today, so the markets will now be looking towards the Bank of England’s meeting tomorrow and local election results on Friday.
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The pound is slightly stronger against both the euro and the dollar this morning ahead of key events, which are due to take place at the end of this week. Tomorrow, the Bank of England will announce its…
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Sterling has enjoyed a boost at the start of the week, which further accelerated this morning, leaving it nearly 1% up against the euro compared to this time last week. It’s slightly more patchy against other major currencies…
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The dollar starts May well down on where we were at the start of April against the euro overall – despite a small boost today – but standing relatively still against the pound.
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