Pound stronger despite cautious BoE comments

The pound has strengthened further against the euro and is still strong against the dollar this morning. This comes despite dovish comments from Bank of England official, Silvana Tenreyro, who suggested that the BoE should wait to raise interest rates. The focus...


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USD: Dollar weaker after Powell comments

The dollar is slightly weaker against a basket of currencies this morning after Federal Reserve Chairman, Jerome Powell, said on Friday that it’s not time to be raising interest rates. It’s still thought that the Fed will raise rates next year, however, rate hikes...


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EUR: ECB meeting this week

The euro is trading around the same levels against the dollar and the pound this morning, little changed from the end of last week. The markets are awaiting the European Central Bank’s latest decision on interest rates, which will be announced on Thursday. Although...


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GBP: BoE Tenreyro speech later today

The pound is still trading around strong levels against the euro and the dollar this morning ahead of a light week for economic data releases in the UK. Bank of England official, Silvana Tenreyro will speak later today and could build on comments made by new Chief...


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