by Christopher Nye | Sep 9, 2022
The US dollar weakened across the board yesterday, as the Federal Reserve is no longer the only major central bank aggressively raising interest rates. This was despite a speech yesterday from Fed chair Jerome Powell maintaining his strong stance on inflation-busting...
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by Charles Purdy | Sep 8, 2022
Lots of key data from the US today, one of those releases being Initial Jobless Claims at lunchtime. Markets will be keeping a close eye on today’s figures as initial jobless claims measure new and emerging unemployment in the US and have a large impact in...
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by Charles Purdy | Sep 8, 2022
Today is a big data day for eurozone market watchers as the European Central Bank is to announce its interest rate decision at 1:15 this afternoon. The ECB is expected to raise its interest rates by 75 bps to 1.25%. if they do, this will raise eurozone borrowing...
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by Charles Purdy | Sep 8, 2022
This morning sterling continues to weaken against the euro after hitting its lowest GBP/EUR rate since May 2021 yesterday, falling by 1%. There were various reasons for the pound’s fall, including slowing UK housing markets and developments in the energy crisis....
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by Charles Purdy | Sep 8, 2022
Liz Truss is to present plans to tackle the squeeze on Britain’s gas supplies following obstruction from Russia. Truss is expected to announce that the UK’s energy bills will be frozen at roughly £2,500 a year for the next 2 years (until 2024) as part of...
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