Posts Tagged ‘Interest rate’
Heads Turn to BoE and Fed Rate Hike Decisions
GBP Pound Sterling had a turbulent end to the previous week, witnessing a notable decline against the Euro and Dollar. GBP|EUR saw lows of 1.1580 and GBP|USD to 1.2370 marking it lowest in a 3-month period. This was driven by the ECB hiking interest rates, strong data out of the US and a weak overall…
Read MoreDoom & Gloom Sentiment for the UK & Eurozone
GBP As expected, there was a lot of volatility in the market last week. Elevated interest rate hike expectations provided Sterling with strength at the beginning of the week, with GBP|EUR peaking at 1.1770 and GBP|USD at 1.2800. However, the run for Sterling was short lived as more doom and gloom of a UK recession…
Read MoreThird Wave Looms Over Europe
GBP Although there was significant intraday volatility throughout the week the pound ended the week flat versus the euro and down 0.4% to the dollar. The Bank of England’s monetary policy committee meeting was the main talking point for the where the bank voted to unanimously keep rates at 0.1%. Though the pound did not…
Read MoreMay pinning hopes on the DUP to unlock parliament stalemate
US DOLLAR The Dollar Index surrendered the 97 handle last week, weighed by a flurry of weaker-than-expected data releases including CPI, PPI and industrial production. This may factor into this Wednesday’s FOMC policy decision although most economists expect a wait-and-see stance after they dropped language in January that signalled further hikes were necessary. On the…
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