Tag: Euro
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Pound climbs as wage growth accelerates ahead of BoE meeting Daily Update
December 18 2024Pound (GBP) firms on strong wage growth The pound (GBP) strengthened yesterday after rising UK wage growth dampened bets on a Bank of England (BoE) … read more
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Pound rallies as services PMI beats forecasts Daily Update
December 17 2024Pound (GBP) boosted by PMI survey The pound (GBP) rallied yesterday after the UK’s preliminary services PMI for December outpaced expectations, … read more
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FX weekly forecast: Federal Reserve decision to bolster the US dollar? Weekly Forecast
December 16 2024What’s happening this week - Hawkish Federal Reserve rate cut likely to boost USD - BoE rate decision may infuse volatility in GBP - Decline in … read more
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Pound slumps following shock contraction in UK GDP Daily Update
Pound (GBP) pressured by GDP disappointment The pound (GBP) closed last week’s session on the back foot, coming under significant selling pressure … read more
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Euro mixed despite ECB rate cut Daily Update
December 13 2024Pound (GBP) softens in absence of data The pound (GBP) struggled yesterday as a lull in UK economic data left the British currency lacking … read more
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Euro risks sliding to multi-month lows on dovish ECB rate decision Daily Update
December 12 2024Pound (GBP) muted in quiet trade The pound (GBP) remained directionless on Wednesday, as a dearth of UK economic data left investors with little … read more
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US dollar rises ahead of US inflation figures Daily Update
December 11 2024Pound (GBP) holds firm despite lack of data The pound (GBP) rose against its weaker rivals yesterday and suffered only limited losses elsewhere, … read more
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ECB preview: Will the Euro slide to new multi-month lows following a dovish ECB rate cut? EUR to GBP EUR to USD Euro (EUR)
December 10 2024The euro (EUR) could hit new multi-month lows this week as the European Central Bank (ECB) prepares to announce its latest interest rate decision on … read more
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US dollar stumbles amid risk-on mood Daily Update
Pound (GBP) directionless amid lack of data The pound (GBP) was mixed yesterday as a lack of UK data left the currency trading without a clear … read more
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FX weekly forecast: Euro to test new lows on dovish ECB rate cut? Weekly Forecast
December 9 2024Pound (GBP) The publication of the UK’s latest GDP figures may act as a tailwind for the pound (GBP) this week if they report that the UK economy … read more