by Charles Purdy | May 5, 2022
The pound is weaker against the euro and the dollar ahead of the Bank of England’s monetary policy meeting, which is due to take place later today. Despite strengthening against the dollar yesterday evening, is has weakened this morning. The markets are expected the...
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by Charles Purdy | May 5, 2022
The Bank of England will hold its latest monetary policy meeting today. The UK’s interest rate is expected to be hiked for the fourth time since December to tackle high inflation in the UK and the markets are predicting a quarter-point increase, taking the rate...
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by Charles Purdy | May 4, 2022
The dollar is stronger against the pound, and little changed against the euro this morning ahead of the Federal Reserve’s interest decision. Later today, the Federal Reserve’s two-day monetary policy meeting will conclude. The Fed is expected to raise rates for the...
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by Charles Purdy | May 4, 2022
The euro managed to gain some ground against the pound and other currencies towards the end of yesterday, despite poor economic data from Germany. Data revealed that the number of unemployed people in Germany fell by 13,000 in April, which was less than expected. In...
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by Charles Purdy | May 4, 2022
After recovering slightly against the euro and the dollar yesterday, the pound is weaker against both this morning. This is mainly due to a strong euro and dollar, however, uncertainty surrounding the Bank of England’s actions at its meeting tomorrow could also be...
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