The euro ended the week drifting against the pound, despite a relatively good round of PMI data. The biggest news for the eurozone was perhaps the launch of the ECB’s strategic review, with observers widely expecting that it…
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After a strong rally in the middle of the week, the pound weakened on Friday afternoon despite stronger than expected PMI data. Sterling rallied initially but then moved lower, possibly because some believe that an interest rate cut…
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This is a significant week for the UK, although little practical change will be seen yet. The Brexit deadline is this Friday, and the European Parliament is set to ratify the Withdrawal Agreement this Wednesday. The pound had…
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Positive economic data from the UK last week sent the pound back up to a level last seen in early December, when the markets began to price in a Boris Johnson victory. GBP/EUR is a good 3% above…
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The dollar strengthened against yesterday as the ECB left its interest rates unchanged and launched a broad review of its policy. It was also stronger against the pound. Today, the US will release a series of PMI data.…
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As expected, the ECB held interest rates steady yesterday. The main story instead really is Christine Lagarde’s launch of a major monetary policy strategy review, against a background of ‘declining trend growth, slowing productivity [and] the legacy of…
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The pound continued its strength against the euro yesterday following a series of positive data releases, which have decreased the chance of an interest rate cut next week. Sterling also remains stable against the dollar.
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It has been a busy week this week, with the Brexit Withdrawal Bill receiving Royal Assent and expected to be soon signed by EU officials. Yesterday, the ECB announced a sweeping review of its targets and strategy, which…
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