Jerome Powell reiterated his dovish stance towards interest rates yesterday, keeping the dollar low. He indicated that the decision to cut rates could be based more on continuing uncertainties, rather than deterioration of outlook. Most other Fed speakers…
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Euro weakened this morning as the ECB meeting notes showed an increased likelihood of a rate cute. The accounts said that the governing council was in ‘broad agreement’ that there is a need to be ‘prepared to ease…
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The pound continues to benefit from a weak dollar this morning, and is also up against the euro after the latter weakened on a rising possibility of a rate cut.
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The pound strengthened against the euro this morning, as meeting notes from the European Central Bank made a rate cut in the single currency zone seem more likely, saying that they need to be ‘prepared to ease the…
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In his Congressional testimony yesterday, Jerome Powell made it clear that it’s reasonable to expect a 25 basis point cut at the end of this month. FOMC meeting minutes also showed that policymakers think stimulus would be needed…
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German inflation was confirmed at 1.6% year-on-year, as the markets had expected. Nonetheless, positive British GDP data has helped to slightly push the euro down against sterling. Later today, we will see the results of the ECB’s non-monetary…
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Sterling is looking strong against the dollar this morning. This is due to better-than-expected GDP data and a weakened dollar, which fell slightly after Federal Reserve Chairman Jerome Powell made a speech on interest rates yesterday. The pound…
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The pound is up against the dollar and euro this morning, following GDP figures that came in better than expected – raising hopes that the UK’s economy might not be contracting as thought.
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