Rate movement was relatively limited yesterday in light of a fairly quiet calendar. Sterling drifted slightly higher against the euro and the dollar. The dollar was better bid against the euro and inched towards 1.1140. Initial Jobless Claims were sl… Read more
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Sterling rallied around the time of the Queen’s Speech as the Bank of England’s typically dovish Chief Economist, Andy Haldane, said he saw a case for raising interest rates later this year. Sterling-dollar briefly broke 1.2700 having fallen below 1.… Read more
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With a quiet economic calendar, Friday didn’t create much of a stir. Cable traded within the 1.2750 to 1.2800 range and GBP/EUR fell slightly from 1.1468 to 1.1405 by the close of play. Read more
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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
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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
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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
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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
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