The European Commission cut its growth forecasts yesterday morning, highlighting a range of external economic pressures, uncertainty around a ‘disorderly Brexit’ and a slowdown in manufacturing.
Read more
›
The dollar was strong yesterday on the back of continued trade deal optimism. A Chinese commerce ministry official suggested that the world’s two largest economies are close to achieving a deal and said that both sides have agreed…
Read more
›
The euro saw a slight weakening yesterday as the European Commission downgrades its forecasts, cutting growth expectations to 1.1%. However, the Commission did emphasise that this is still the seventh year of consecutive growth, and pointed to poor…
Read more
›
The pound fell to a two week low yesterday after the Bank of England released their report on interest rates. They kept rates on hold at 0.75% as expected. However, two policy makers voted to cut rates by…
Read more
›
The dollar slipped slightly yesterday as the markets awaited more US-China trade news and clarity on the progress of negotiations. Hopes of an impending ‘phase one’ deal increased as China are reportedly pushing for the proposed December tariffs…
Read more
›
Euro is slightly up against the pound, after a day of good economic releases, with retail sales and services PMI coming in better than expected. Nonetheless, the ECB continues to voice its concern over how robust European banks…
Read more
›
Sterling is mostly sticking to narrow ranges against the euro and has hovered near a one week low against the dollar, ahead of the Bank of England announcement today. The announcement on interest rates is due to take…
Read more
›
There’s a busy day ahead for sterling, as the markets await the Bank of England’s rate announcement this morning, expected to stay stable. Parliament is now dissolved and election campaigns have begun in earnest, and the pound may…
Read more
›
