EUR: ECB meeting this afternoon

The euro could set the tone for GBP/EUR and EUR/USD after the European Central Bank’s monetary policy meeting, which is due to take place later today. Any surprises could have an impact on the single currency. Recent comments from several ECB officials suggest that...


read more

GBP: MPs vote in favour of tax hike

The pound fell for the third consecutive day yesterday against the dollar due to the government’s announcement that national insurance contributions will be hiked to help fund social care. Against the euro, sterling strengthened slightly yesterday after weakening on...


read more

All eyes on ECB meeting later

The markets will be listening closely to comments following the European Central Bank’s monetary policy meeting, which is due to take place this afternoon. Several ECB officials have recently suggested that stimulus measures should be tapered soon. If this rhetoric...


read more

USD: Dollar helped by rising treasury yields

The dollar is still suffering following a disappointing Non-Farm Payrolls report at the end of last week. However, it is slowly making gains this week and managed to rise from a one-month low yesterday due to rising US treasury yields. The usual US jobless claims...


read more

EUR: Euro strengthens due to positive data

The euro strengthened against both the pound and the dollar yesterday following data that confirmed the Eurozone economy returned to growth in the second quarter. The Eurozone quarterly economic growth was revised higher to 2.2% in the second quarter of this year, a...


read more