President of the European Central Bank, Christine Lagarde, suggested yesterday that the ECB may follow the Federal Reserve’s lead when it comes to inflation.
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The pound is looking stronger this morning due to signs that the EU and UK could be closing a deal on fisheries – an issue that has been a sticking point in negotiations since they began.
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The pound is stronger this morning after indications that the UK and EU could be close to securing an agreement on fisheries. This has been a major sticking point since Brexit negotiations began and would be a step…
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The pound is weaker this morning after Governor of the Bank of England, Andrew Bailey, said that the Monetary Policy Committee have an open mind about cutting interest rates. The markets are now looking ahead to the Brexit…
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The dollar is stronger against the euro and the pound this morning, with both positive economic data from China and the events of last night’s Presidential debate coming into play.
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Retail sales for Germany came in this morning, surging by 3.1% month-on-month in August, the first increase since February. They also increased 3.7% year-on-year.
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This morning, GDP figures have been released, marking the biggest contractions on record and signalling that the economy is in recession.
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Sterling hits Wednesday nearly 2% above this time last week against EUR but still down on yesterday. The cause of yesterday’s slide was the Bank of England governor suggesting he was leaving the door open on negative interest…
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