Tag: interest rates
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US dollar storms to multi-year highs on hawkish Fed cut Daily Update
December 19 2024Pound (GBP) steady despite UK inflation surge The pound (GBP) was mostly rangebound on Wednesday, with investors showing little reaction to a sharp … read more
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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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FX newsflash: Federal Reserve and Bank of England decisions to drive volatility? Business News Economy News Pound Sterling (GBP) US Dollar (USD)
December 17 2024This week, both the Federal Reserve and the Bank of England (BoE) will announce their final interest rate decisions of 2024, with the outcomes likely … read more
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Pound rallies as services PMI beats forecasts Daily Update
Pound (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