by Charles Purdy | May 6, 2022
The pound has slumped against both the euro and the dollar following the Bank of England’s decision to raise interest rates from 0.75% to 1%, the highest rate since 2009. Sterling suffered following the announcement, falling over 1% against the euro and over 2%...
read more
by Charles Purdy | May 6, 2022
The pound has tumbled against the euro and the dollar following the Bank of England’s decision to raise interest rates by just 0.25% yesterday. Markets had priced in a larger rate hike, so the minimal increase caused major losses for sterling, which has fallen by over...
read more
by Charles Purdy | May 6, 2022
The dollar has recovered the losses it suffered following the Federal Reserve’s decision to raise interest rates on Wednesday, the biggest hike since 2000. The greenback has strengthened by around 1% against the euro and 2% against the pound following news that the...
read more
by Charles Purdy | May 5, 2022
The dollar has weakened against a basket of currencies following the Federal Reserve’s monetary policy meeting yesterday. The Federal Reserve raised the interest rate from 0.75% to 1.0%, in line with expectations. However, the rhetoric surrounding this was less...
read more
by Charles Purdy | May 5, 2022
The euro has strengthened against the dollar and the pound this morning, mainly due to dollar and sterling weakness. Data released this morning showed that factory orders in Germany sank 4.7% month-on-month in March, worse than market forecasts of a 1.1% decline. This...
read more
