Sterling rallied yesterday as the BoE’s decision to keep interest rates on hold was a closer call than expected. Three members dissented in favour of raising rates: Ian McCafferty and Michael Saunders joined Kristin Forbes, who leaves the MPC at the … Read more

As expected, the Fed hiked interest rates by 25 basis points last night to a target range of 1.00% to 1.25%. The dollar strengthened as the Fed downplayed softer inflation figures and said it expects to begin reducing its balance sheet later this yea… Read more

Sterling came under renewed pressure yesterday as the UK’s political situation remained uncertain following a hung parliament result in Thursday’s election. The Conservatives are looking to form a coalition government with Northern Ireland’s Democrat… Read more

Sterling rallied yesterday after meeting support. Sterling-dollar regained 1.2750 after meeting support around 1.2640. Sterling-euro made progress towards 1.1400. Euro-dollar regained 1.1200 after meeting support around 1.1190. Read more

Sterling has tumbled over 2% against both the pound and the euro since last night’s shock exit poll projected a hung parliament. Having initially been expected to win by a landslide, putting the government in a stronger position ahead of Brexit negot… Read more

Sterling has tumbled over 2% against both the pound and the euro since last night’s shock exit poll projected a hung parliament. Having initially been expected to win by a landslide, putting the government in a stronger position ahead of Brexit negot… Read more

The euro fell around 0.6% against the dollar and 0.5% against the pound yesterday on reports that the ECB would cut its inflation projections. Euro-dollar held above 1.1200 and later reversed those losses. Sterling-euro regained 1.1500, rising to aro… Read more

Sterling remained vulnerable ahead of Thursday's election. While a Conservative win is still expected by many investors, markets have become less confident in the outcome as the Tory lead in polls narrowed. Of note will be not just whether the Conser… Read more

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