Sterling weakened yesterday after data showed that UK inflation rose at its weakest rate in three years. Inflation rate slowed to 1.3% year-on-year in December 2019, the lowest reading since November 2016 and below market consensus of 1.5%.…
Read more
›
The pound was weaker yesterday after poor inflation rate data, which further increased expectations of an interest rate cut at the end of the month. However, it has recovered slightly this morning. The eurozone also saw some disappointing data,…
Read more
›
The pound has been moving in the past few days because of speculation about an interest rate cut. This is all feels rather old-school, a bit 2015, as politics and Brexit has been leading GBP in recent times.…
Read more
›
The US and China will sign phase one of their trade deal today, which may improve market sentiment. The deal is due to be formalised at a White House ceremony later today. Whilst this is a positive step…
Read more
›
The euro was weak against the pound and dollar yesterday and remains low today, after starting the week in a strong position. Germany’s full year GDP growth figure came in this morning at 0.6%, meeting expectations but showing…
Read more
›
After weakening earlier in the day due to increased expectations for a rate cut, the pound recovered slightly yesterday afternoon. Markets are now pricing in a 43% chance for a 25 basis point cut in rates at the…
Read more
›
Sterling recovered slightly yesterday afternoon, after dropping to due increased expectations of a rate cut. Markets are now pricing in a 43% chance for a 25 basis point cut at the end of this month. A series of…
Read more
›
The dollar is up against the pound today, benefitting from sterling’s weakness. However, it was weak against the euro. A series of data for the US will be released today, including inflation rate and business optimism figures. Inflation…
Read more
›
