Posts Tagged ‘Nonfarm payrolls’
Sterling Holds Firm as Rate Expectations and Geopolitical Tensions Drive Currency Markets
GBP Sterling was broadly steady on Tuesday, despite a stronger US Dollar and ongoing geopolitical concerns around the Strait of Hormuz. GBP/USD remained above the 1.3500 level, although the pair has struggled to build on last week’s move towards the 1.3650 area. The Pound has been supported by a more hawkish Bank of England outlook.…
Read MoreMarkets This Week: Inflation, Jobs and Policy Moves
Rates & Inflation Overview Region Interest Rate Inflation UK 4% 3.8% EU 2.15% 2.1% US 4% 3% Key Market Updates United Kingdom (GBP) Wednesday 12th – Consumer Price Index (07:00) Leading indicator of inflation. Market Impact:A further decline would typically weaken the GBP. The UK remains around 1.8% above the 2% inflation target. A rise…
Read MoreSterling Struggles, Euro Awaits CPI, Dollar Eyes Jobs Data
Interest Rate / Inflation Zone Interest Rate Inflation UK 4% 3.8% EU 2.15% 2% US 4.25% 2.9% Key Market Updates GBP Sterling remains under pressure, with markets watching the Labour Party conference for any signs of unfunded spending. Such signals could weigh on gilts and GBP. Focus will then turn to Bank of England speakers,…
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