by Charles Purdy | Feb 3, 2022
The dollar has edged higher against a basket of currencies this morning, receiving some support due to its ‘safe haven’ status. ADP employment data for the US, released yesterday, showed that private businesses unexpectedly cut 301,000 workers in January, the first...
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by Charles Purdy | Feb 3, 2022
We could see some volatility for the euro today due to the European Central Bank’s monetary policy meeting, which will take place later. President of the ECB, Christine Lagarde, has stuck to her ‘patient’ approach towards monetary policy so far. Yesterday, eurozone...
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by Charles Purdy | Feb 3, 2022
The pound is still trading around strong levels against the euro and the dollar this morning, ahead of the Bank of England’s meeting later today. It is widely expected that officials will raise the interest rate to 0.5%, due to inflation being its highest in nearly 30...
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by Charles Purdy | Feb 3, 2022
The Bank of England will publish the minutes from its latest monetary policy meeting at 12pm today and all eyes will be on whether interest rates are set to be raised. An interest rate hike to 0.5% is largely expected and this is ‘priced in’. However, if this doesn’t...
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by Charles Purdy | Feb 2, 2022
The dollar is weaker against a basket of currencies this morning, mainly due to improved risk sentiment in the markets. Later today, ADP employment change figures will be released for the US. This will show how many jobs were added to the US economy by private...
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