by Julian Benson | Feb 8, 2023
Yesterday the IBD/TIPP Economic Optimism Index increased to a 10-month high of 45.1 in February 2023, up from 42.3 in January. It’s worth noting that economists still believe the current reading to be in pessimistic territory. For more on currencies and currency risk...
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by Julian Benson | Feb 8, 2023
The euro continued to fall against the dollar yesterday as hawkish remarks from the Federal Reserve boosted the dollar. The euro is currently trading at the lowest rate we’ve seen since the first week of January and approximately 6.5% lower than it was in this time...
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by Julian Benson | Feb 8, 2023
In a speech on Monday, Catherine Mann, Bank of England monetary policy committee member said that the BoE would raise interest rates again in March. This message goes against information issued by the bank at last Thursday’s Monetary Policy Report. 1 Min 5 Min 1 Hr 1...
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by Charles Purdy | Feb 8, 2023
Sterling has staged a modest recovery in the past couple of days against the euro, but has only made up half of the losses from last week. Against the US dollar there has been some movement but not enough to make much of a dent in the first few days of February’s 3%...
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by Julian Benson | Feb 8, 2023
Sterling remains relatively unchanged against the US dollar this morning as new data has failed to rectify the losses seen by the pound on Friday. This comes following a better-than-expected US jobs report and a 50bps interest rate hike from the Bank of England last...
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