The pound weakened against the euro and US dollar yesterday, following the widely predicted interest rate hold from the Bank of England. It has fallen further this morning to a five-week low against the euro, after news of…
Read more
›
The Federal Reserve’s last interest rate cut came when Joe Biden still occupied the White House. After a dizzying period of chaos and rancour, policymakers have at last decided it’s safe to cut once more. That only adds…
Read more
›
Just across the Channel, the eurozone is experiencing a blissful period of low inflation. In fact, the headline figure was actually revised down to 2% at the second reading, hitting the European Central Bank’s target and reducing scope…
Read more
›
Headline inflation held steady at 3.8% in August. That’s almost double the Bank’s target level, but the lack of an overshoot raised hopes we might be nearing the end of the latest inflation surge. If inflation comes down,…
Read more
›
Last night’s 0.25% interest rate cut from the Federal Reserve knocked the pound and the euro back slightly ahead of the Bank of England's decision at noon today. Sterling has still strengthened by almost a cent against the…
Read more
›
With both the Bank of England and the US Federal Reserve set to make interest rate decisions this week, we’ve seen some significant swings in the exchange rate between the pound, dollar and euro.
Read more
›
The dollar lost 0.6% against the euro on Tuesday (and a much lower 0.1% on the pound) as traders wait for the Fed’s interest rate decision. The central bank is widely anticipated to make a cut, the first…
Read more
›
The euro made large gains on the pound and dollar, picking up 0.5% on the former and 0.6% on the latter on Tuesday. While this is largely down to markets awaiting the US and UK central banks’ interest…
Read more
›
