Posts Tagged ‘ECB’
Are the US Polls Accurate or can Trump Stage Another Shock Victory?
GBP The Pound finished the week by hitting a seven-week high against the Euro. This high was due to confirmation from Ursula von der Leyen, the President of the EU commission that the UK-EU negotiations are making progress. Though she did confirm that there were two key issues which still needed to be sorted, these…
Read MoreWill the ECB match the FED?
GBP The pound finished down 1.3% against the dollar last week after hitting an 8-month high of 1.3482 on Tuesday. Against the Euro, the pound ended the week flat but a 3-month high 1.1280 was hit on Wednesday. The pound saw most of its weakness come off the back of a Reuters report that the…
Read MoreECB cut rates, Saudi oil attack and Sterling appreciation
US DOLLAR The Dollar Index is little changed this morning at around 98.2 having topped out at a one-week high on Thursday at 99.1. The Dollar was pulled lower by weaker than expected US retail sales data released on Friday, plus the post-ECB rebound we saw in the Euro. Investors are now looking ahead to…
Read MoreBoris to meet with European counterparts this week
STERLING The pound hit its lowest level against the US Dollar since January 2017 last Monday at 1.2015 but recovered thereafter on stronger than expected UK data. Average earnings, CPI and retail sales all surprised to the upside and boosted Sterling although the threat of a no-deal Brexit continues to limit any upside. Of note…
Read MoreECB hold rates until 2020
EURO The European Central Bank pushed back their rate guidance on Thursday and pledged to remain on hold at least through the first half of 2020. The Euro rallied in response as the Governing Council stopped short of opening the door to a rate cut. EUR/USD made further gains on Friday and closed above $1.13…
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