Welcome to the Ebury® Blog

Investor eyes fixed on this afternoon’s Bank of England interest decision and its potential impact on the ongoing four-month Sterling lows.

Predictions place that a rate hike could be put on hold in Thursday’s Bank of England MPC meeting, while concerns over a snap Italian election rise.

Speculative investors as a group still have sizable bets against the US Dollar and they appear to be scrambling to cover their positions and push the greenback higher.

The Dollar hovered around a four month high this morning ahead of today’s nonfarm payroll report while soft PMI services adds to Sterling losses.

The Federal Reserve sprung no surprises last night, holding interest rates steady while suggesting that it remains on course to hike again in June.

Sterling continues to drop dimming BoE rate hike chances to only 15% while the Fed teases June hike as Dollar remains king.

Euro drops to three month low ahead of FOMC meeting on Wednesday with Sterling following suit dropping to its lowest position since mid-January.

Dollar soars against all G10 and major emerging market currencies as Sterling depreciates and the Euro remains in mercy of rate hike.

Latest GDP come out less than favourable, dragging the Sterling down while the Euro falls to a three month low following Draghi’s press conference.

Investors anticipate a cautious tone from Draghi's ECB meeting, while Sterling continues to hobble along behind the dollar amid rising US bond yields.