The dollar had a fairly strong week last week after a series of positive data releases, making the chance of an interest rate cut more unlikely.
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After a choppy week, the euro finished Friday down against the pound and the dollar. Consumer Confidence for the euro area decreased by 0.9 points to -8.1 in December of 2019 from -7.2 in the previous month, missing…
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The pound finished the week in a strong position against the euro and the dollar after MPs voted to back the Prime Minister’s Withdrawal Bill, and sterling is still strong this morning. They voted 358 to 324, meaning…
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At the end of last week, MPs backed the Prime Minister’s Withdrawal Bill with a majority of 124. They also passed a timetable to debate the bill further at the beginning of January. As the festive season is…
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The dollar was little changed yesterday morning and benefitted from a weaker pound in the afternoon. Following strong data earlier in the week, the greenback brushed off reports that Philadelphia Fed’s business conditions index fell to 0.3 in…
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The euro has recovered most of its election losses against the pound, as worries over the possibility of the UK leaving without a trade deal weigh on the pound. It has also been helped by encouraging data releases…
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Following a stronger start to the day, the pound weakened in the afternoon yesterday after the Bank of England’s monetary policy meeting. It's choppy this morning ahead of the House of Commons debating and voting on Boris Johnson's…
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The Bank of England held interest rates stead yesterday, but the main story in some ways was that two policymakers voted again for a cut. This has raised worries that we may see a cut in the future,…
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