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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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
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