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Today looks set to be a hectic day in the FX market, with investors awaiting this afternoon’s ECB meeting and US retail sales. Read on to find out more, and see how this morning’s UK labour data impacted the pound.
The latest US labour report came in much stronger-than-expected but the result was a limited reaction in currency markets. Read the full article to find out why and what the real test for the dollar will be.
Investors are bracing for this afternoon’s Bank of England meeting with an increase in the asset purchase programme expected. Plus, elsewhere in the markets, investors remained in a cautious mood, continuing to favour safer currencies over those deemed as high-risk.
Given the unprecedented measures already announced by the central bank and the turn for the better in recent economic indicators, the Fed’s accompanying communications to today's announcement are what to look out for and may offer some clues on officials’ outlook
The euro has surged higher in the past few days, rallying to a more than two month high. Not only has the news of fiscal support raised optimism regarding a Euro Area recovery, but we are continuing to see a dichotomy in both the spread of the virus and economic resilience between the US and Europe.
The US dollar eased against its major peers yesterday amid a decline in inflation data and jitters ahead of a speech by Federal Reserve Chair Jerome Powell later today.
There might not be much in the way of policy change expected from the Bank of England's meeting but there may be a number of key takeaways that could move the pound this week.
Under normal circumstances the ECB would stand pat on policy and await the impact of its recent stimulus measures. We are, however, in unprecedented times, and the announcement of further easing measures at the ECB’s meeting this week is now very much a possibility.
Currency markets continue to be extremely volatile with Sterling crashing to a 35 year low. Plus, the ECB announces massive stimulus programme.
Following the Federal Reserve’s emergency 50 basis point rate cut last week, attention has turned to the policy response financial markets c...
What to expect from the upcoming ECB meeting against the background of the virus outbreak.
Despite the Federal Reserve cutting interest rates the impact on financial markets was minimal. Find out the reasons why. Plus, the Bank of Canada's reaction to coronavirus and the reasons for Sterling rallying.
