by Julian Benson | Dec 15, 2022
The European Central Bank (ECB) is expected to maintain a hawkish stance towards inflation in this afternoon’s interest rate decision. In its November meeting, policymakers agreed that the central bank should continue normalizing and tightening monetary policy to curb...
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by Julian Benson | Dec 15, 2022
Markets are predicting a more dovish outlook from the BoE today, with a 50 basis-point rate hike priced in. Despite this, it is worth noting that BoE policymakers voiced concerns about stubbornly high inflation, in The Bank’s last meeting. This followed inflation...
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by Julian Benson | Dec 15, 2022
Sterling remained unchanged yesterday despite the UK’s inflation dropping to 10.7%, coming in lower than markets expected. The pound’s indifference may be short-lived as at lunchtime, the Bank of England will decide on its latest interest rate, followed by the...
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by Charles Purdy | Dec 14, 2022
The effect that inflation data can have on an exchange rate was brought sharply into relief with the US dollar, which has weakened by between 0.75% and 2% over the past week against the next nine most-traded currencies. That was because America’s annual inflation rate...
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by Julian Benson | Dec 14, 2022
The consumer price index (CPI) fell yesterday to 7.1% in November. This is lower than expectations of 7.3% and reflects the lowest rate markets have seen since December 2021. It’s worth mentioning that the Federal Reserve has a target of 2%, so the reading is remains...
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