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Expert market insight and updates to help you navigate the ever changing global currency markets
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Bank of England’s “dovish hold” hints at December rate cutWhile tech stocks had their worst week since the Liberation Day sell-off in April, currency markets largely took the AI mini-crash in stride.
This month’s Bank of England monetary policy meeting is shaping up to be a much more significant one than investors had anticipated.
Investors flock to safe-havens as coronavirus spreads. Lagarde strikes an optimistic tone at yesterday’s European Central Bank meeting.
Pound jumps as market tempers BoE rate cut chances. ECB to meet this afternoon, with no change in policy or sentiment expected.
Coronavirus concerns drag Asian currencies lower. Sterling continues to hold firm despite speculation of an interest rate cut at the end of the month.
Sterling holds its own despite growing BoE rate cut bets. ZEW economic sentiment data out of the Euro Area came in above expectations.
Currencies move in tight ranges as markets await macro data. Poor figures out of the UK lead markets to start pricing in an interest rate cut.
Dollar gains on better-than-expected US retail sales. Minutes from the ECB meeting strike an optimistic tone, but go under the radar.
US and China finally sign off on ‘phase 1’ trade deal. Disappointing UK inflation data puts pressure on the BoE to cut rates at the end of this month.
Pound reverses losses ahead of UK inflation data. US and China to sign phase 1 trade deal at around 16:30 UK time this afternoon.
Will the Bank of England cut interest rates this month? US and China set to sign a ‘phase 1’ trade deal at the White House tomorrow.
