The euro gained yesterday as the ECB kept policy on hold and ECB President Draghi signalled that the ECB would announce its tapering decision this autumn. The euro eventually hit a new high since January 2015 against the dollar in overnight trading, … Read more

The Bank of Canada increased interest rates from 0.75% to 1.00%, taking some investors by surprise as the consensus had been for the bank to keep interest rates on hold. As a result, the Canadian dollar jumped around 2% against the pound, pushing the… Read more

Sterling rallied yesterday despite a dip in Services PMI. The euro and the dollar continued to pull back on expectations that the path to monetary policy normalisation in both the US and the Eurozone might be slower than previously anticipated. Sterl… Read more

UK Construction PMI fell from 51.9 to 51.1, versus a projected gain, weighing on the pound as the week kicked off. Eurozone Producer Price Index data then fell short of forecasts, weighing on the euro as traders look for signs that prices are acceler… Read more

Sterling received a small boost on Friday as Manufacturing PMI surprised to the upside. The euro fell in the afternoon on reports that the ECB could delay announcing QE tapering until December. Some investors had anticipated greater clarity could com… Read more

The euro lost ground yesterday on profit-taking as euro-dollar pulled back below 1.1900, down from Tuesday’s highs around 1.2070, its highest levels since January 2015. Sterling-euro rose towards 1.0900 but met resistance ahead of the key level. Read more

The euro made further gains against both the pound and the dollar yesterday as heightened North Korea tensions saw investors turn to safe havens and weighed on the US dollar. Stock markets also came under pressure, whilst gold and the Japanese yens w… Read more

The euro rose above 1.2000 against the dollar Tuesday morning for the first time since January 2015 after both ECB President Draghi and Fed Chair Yellen avoided direct discussions on the direction of monetary policy at Jackson Hole, disappointing som… Read more

Sterling ticked up yesterday after meeting support around new recent lows and ahead of the second estimate of Q2 GDP, which came in unrevised at 0.3% QoQ and 1.7% YoY and underwhelmed some traders' expectations, but later fell back. Read more

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