by Julian Benson | Oct 28, 2022
The European Central Bank raised its interest rates by 75 basis points during its October meeting. This was in line with forecasts. In reaction to this data release, the single currency edged lower against the other major currencies. Against the US dollar, the euro...
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by Julian Benson | Oct 28, 2022
Sterling climbed back to its October high, following the abnormally large interest rate increase announced by the European Central Bank yesterday. Yesterday the pound made gains versus the US dollar as economic data sparked concerns about a US recession. GBP/USD past...
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by Julian Benson | Oct 28, 2022
Yesterday the US commerce department announced that the country’s GDP grew in the third quarter of 2022, following a drop in the previous period. This afternoon, data is expected for September’s personal spending and personal income, which are both forecast to fall...
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by Christopher Nye | Oct 27, 2022
Britain’s chancellor, Jeremy Hunt, announced yesterday that he will hold the long-awaited full Autumn Statement on November 17th instead of October 31st. The new date comes after UK financial markets finally showed signs of calming down from the volatility...
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by Christopher Nye | Oct 27, 2022
It’s been a choppy week so far for the pound versus the euro, but sterling is in a better position than it was this time last week. It is a similar story for GBP/USD, as since Tuesday afternoon, sterling has continued to make and maintain gains against the...
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