by Charles Purdy | Sep 8, 2022
Today is a big data day for eurozone market watchers as the European Central Bank is to announce its interest rate decision at 1:15 this afternoon. The ECB is expected to raise its interest rates by 75 bps to 1.25%. if they do, this will raise eurozone borrowing...
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by Charles Purdy | Sep 8, 2022
This morning sterling continues to weaken against the euro after hitting its lowest GBP/EUR rate since May 2021 yesterday, falling by 1%. There were various reasons for the pound’s fall, including slowing UK housing markets and developments in the energy crisis....
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by Charles Purdy | Sep 8, 2022
Liz Truss is to present plans to tackle the squeeze on Britain’s gas supplies following obstruction from Russia. Truss is expected to announce that the UK’s energy bills will be frozen at roughly £2,500 a year for the next 2 years (until 2024) as part of...
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by Christopher Nye | Sep 7, 2022
This morning the dollar continues to find fresh strength against both currencies following eurozone inflation fears and continued economic headwinds for the UK. This also comes ahead lots of interesting data releases which will be announced today. A key release today...
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by Christopher Nye | Sep 7, 2022
The euro is weaker against the dollar this morning amidst the gas crisis and growing interest rate concerns. In addition to the squeeze on eurozone gas supplies following Russia’s decision to switch off the euro area’s main gas pipeline in response to...
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