The pound is strong this morning against the euro, dollar and other currencies, possibly due to a more positive outlook surrounding Brexit and the economy. News that the US economy has fallen into recession has added to the…
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As expected, Federal Reserve officials pledged to keep the target interest rate between 0% and 0.25%. They also said that economic growth is "well below" pre-pandemic levels, despite picking up in some areas.
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There's a busy two days ahead of data for the Eurozone, with Euro Area consumer confidence and industrial sentiment figures due later today, as well as a series of inflation rate and retail sales figures going into tomorrow.
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Sterling was still benefitting from dollar weakness yesterday, rising to a five month high and near to pre-coronavirus levels. However, the pound was flat against the euro. This morning, the pound still remains at a significantly strong level…
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All eyes were on the Federal Reserve’s press conference yesterday evening, which followed their latest monetary policy meeting. As expected, Fed officials voted to keep interest rates on hold and pledged to support the economy. The statement said…
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The dollar rose against most currencies yesterday on hopes of guidance at the Federal Reserve’s meeting, which is due to finish later today. However, the greenback is weaker again this morning as worries over the US economy set…
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The consumer confidence in France edged down to 94 in July from a downwardly revised 96 in June, well below market forecasts of 99. This comes as many feel their living conditions have worsened slightly and are worried…
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Sterling was stronger against both the euro and the dollar yesterday and remains strong this morning. This was possibly due to promising retail sales data, which built on the positive PMI data for July that we saw at…
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