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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.
Sterling rose by almost one percent against the US dollar during London trading on Thursday, with investors latching onto comments from EU leaders regarding the possibility of a solution to Brexit.
Strong Customer Authentication (SCA) is going to be implemented across EU member states on the 14th of September 2019, and is part of the PSD2.
Will FOMC Chair Jerome Powell hint at more rate cuts today? Italian Prime Minister Conte resigns, currency markets don’t react
Sterling rallied by around three-quarters of a percent against the US dollar yesterday afternoon on what proved to be short-lived optimism regarding the possibility of a solution to the Brexit saga.
US dollar rises on talk of White House tax stimulus. Investors refocus on ‘no deal’ Brexit concerns, putting pressure on Sterling.
US dollar firms on impressive retail sales numbers. UK retail sales come in above average, boosting sterling back above GBPUSD 1.21.
US yield curve inverts, is a recession on the way? Inflation in the UK has risen above the Bank of England’s 2% target, sterling remains range bound.
Easing trade tensions between the US and China, strong US inflation lift dollar. UK wage growth at 10 year highs, despite Brexit uncertainty.
Sterling edges off ten-year lows on Italian political concerns. Markets are currently pricing in 2 cuts for the US in 2019, will inflation data change this?
Pound touches fresh two year lows on UK election talk. News of a possible fiscal policy U-turn from the German government boosts euro.
