by Charles Purdy | Feb 2, 2022
The euro is stronger against the dollar this morning ahead of eurozone inflation data, which is due to be released later this morning. The inflation rate for January is expected to ease slightly year-on-year, coming in at 4.4% compared to December’s figure of 5%. Core...
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by Charles Purdy | Feb 2, 2022
The pound is strong against both the euro and the dollar this morning ahead of the Bank of England’s monetary policy meeting tomorrow. This is due to expectations that the Bank will raise the UK’s interest rate from 0.25% to 0.5%, to combat inflation hitting a near...
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by Charles Purdy | Feb 2, 2022
The pound is stronger against the dollar this morning and is trading at strong levels against the euro ahead of the Bank of England’s monetary policy meeting tomorrow. It is widely expected that the Bank will raise the interest rate to 0.5% to combat rising inflation....
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by Charles Purdy | Feb 2, 2022
Sterling has now been hovering around the same level against the euro for four weeks, showing no signs of breaking through the current resistance level. This is despite an interest rate rise to 0.5% apparently guaranteed tomorrow, and with recent economic data showing...
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by Christopher Nye | Feb 1, 2022
The dollar’s year of gains against the euro were sharply reversed yesterday as it dropped from a 19-month high by nearly 1% from Sunday night, and by around 0.5% against the British pound. Against the euro this could be seen as a small correction after two weeks of...
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