Posts Tagged ‘Powell’
Jackson Hole Countdown: Will Inflation Tip the Scales?
Summary A data heavy week lies ahead, culminating in the Jackson Hole Economic Policy Symposium. Markets are poised for significant FX moves around UK CPI and activity data, FOMC minutes and Chair Powell’s address, and President Lagarde’s remarks alongside Euro Area PMIs. The near term direction for USD, GBP, and EUR will hinge on whether…
Read MoreGBP Awaits GDP Data, Lagarde & Powell in Focus
Currency Pairs – Mid-Market Rates Currency Pair Rate GBP – USD 1.2405 GBP – EUR 1.2030 EUR – USD 1.0310 Interest Rates & Inflation Country Interest Rate Inflation Eurozone 2.9% 2.5% UK 4.5% 2.5% US 4.5% 2.9% GBP EUR USD We specialise in helping businesses and individuals manage foreign exchange risks through expert insights, personalised…
Read MoreCentral Bank Decisions Steal the Spotlight
GBP Pound Sterling is currently in a holding pattern, exhibiting sideways movement as it grapples with anticipation surrounding several high-impact data releases scheduled for this week. With GBP/EUR hovering around the 1.17 mark and GBP/USD around 1.27, investors and speculators are exercising caution as they await the Federal Reserve’s interest rate decision on Wednesday and…
Read MoreAll Eyes on the ECB
GBP The pound finished the week down against both the dollar and euro despite the change in tone from the Bank of England and better than expected CPI figures. Two speeches last week from Monetary Policy Members Ramsden and Saunders were more hawkish than the markets expected, and sterling rallied off the back of it,…
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