The US stock market opened at a record high yesterday but the dollar weakened after Federal Reserve Chair, Jerome Powell, maintained his dovish stance. Speaking yesterday, Powell said, "we are not really looking at forecasts for this purpose, we…
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The dollar weakened yesterday after the release of the Federal Reserve’s latest meeting minutes. Officials retained their ‘dovish’ stance, maintaining a cautious approach to the US’ economic recovery.
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The ECB will release the minutes of their latest meeting today, which will be watched by the markets closely. Ahead of the minutes, ECB official Klaas Knot instilled some confidence into prospects for Europe’s economic recovery yesterday.
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PMI data released yesterday showed that the services sector grew in March due to an increase in new work for the first time in six months due to stronger client demand and forward bookings ahead of easing lockdown…
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Sterling is still in a weaker position against the pound and the dollar this morning due to uncertainty over vaccine supplies and the safety of the AstraZeneca vaccine. News yesterday revealed that the under 30s will be offered…
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What a difference a day makes. Yesterday morning sterling reached another 13-month high against the euro but has since lost nearly 2%. A €200,000 property thus became nearly £3,000 more expensive in the space of 24 hours. You…
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The dollar weakened at the beginning of this week due to a fall in bond yields. However, it is strengthening slightly this morning ahead of the release of FOMC meeting minutes.
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PMI data for Germany and the Eurozone was released this morning, beating expectations and showing that the services and manufacturing industries performed well in March.
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