The pound has recovered slightly today from its 30-month low, but is still in a weak position against the euro and the dollar. The Liberal Democrats won the Brecon and Radnorshire by-election, meaning that Boris Johnson is left…
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The pound has had a weak start to the day after the Bank of England cut its growth forecasts yesterday. Although further plans are being announced to boost the economy after Brexit, including the creation of a number…
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As expected, the Federal Reserve cut interest rates by 25 basis points yesterday. This was accompanied by ‘less dovish’ comments from Jerome Powell, who said that this is not the beginning of an easing cycle. He ensured that…
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The euro is weak against the dollar this morning, after hitting a two-year low yesterday, and choppy against the pound. This comes as the dollar strengthened due to a ‘less dovish’ Fed announcement yesterday.
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After a brief uptick yesterday, the pound has sunk to a 30 month low today. This is due to a stronger dollar and ongoing no-deal Brexit fears. The government have announced an extra £2.1 billion of funding for…
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The dollar is up against the pound and euro, after the Federal Reserve kept rate cuts within expectations and stated that it was not going to be the start of cycle of rate cuts.
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It goes without saying that all eyes are on the Federal Reserve’s interest rate decision today, which will take place at 7pm. A 25 basis point cut is still widely expected, however, it’s unclear as to what Jerome…
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It’s been a choppy start to the day for euro, with downward pressure from poor-than-expected business confidence figures moderated by positive German inflation and consumer confidence figures.
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