Today, the ECB will release minutes from the latest monetary policy meeting. No huge changes are expected but views from officials on the EU’s economic outlook will be in focus.
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Later today, results of the CBI’s trend index will be released, which will show how manufacturers are coping as businesses reopen.
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Data revealing that the UK’s inflation rate has jumped unexpectedly underpinned some of the pound’s strength yesterday. Sterling is slightly weaker this morning however, as the dollar strengthened after meeting minutes from the Federal Reserve. It’s also slightly…
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The Federal Reserve are due to release the minutes from the July meeting later today. The Fed is not expected to introduce any new monetary stimulus policies, but investors will be paying attention to any change to its approach…
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The euro is still at fairly strong levels against the pound and dollar. It’s been well supported for a while now, ever since the EU agreed on their stimulus package to boost the EU economy in the wake…
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A series of data came in for the UK this morning, including inflation rate. Figures released by the Office for National Statistics show that the Consumer Price inflation rate jumped to 1% in July, up from 0.6% in June.
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The pound strengthened to its highest level against the dollar since December yesterday, which was mainly driven by dollar weakness. This morning, the inflation rate for the UK jumped higher than expected in July, which shows that the…
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Sterling continues to enjoy a positive week, trading at around its highest levels for the past two months against EUR and the past year against USD. Chatter in the currency markets is all about sterling’s relative strength against…
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