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Yesterday saw the pound drop against both the euro and USD following Octobers construction PMI posting a decline on the previous month. Initially markets had been expecting some positive data but the pound took a tumble when the post revealed the not so good data. This morning we have the October services PMI for both …
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Ahead of Thursdays ECB policy announcement, this morning’s release of euro area producer price inflation data for September is likely to face heavy market scrutiny. For the UK today we have the Construction PMI for October. The PMI has remained strong with a 64.2 reading in September following 64.0 in August. Markets are expecting this …
The main focus this morning will be the flash estimate of euro area inflation for October, providing an initial area-wide read of whether disinflationary pressures are continuing to mount. In the afternoon, attention will shift to the US release of income, spending and consumption deflator data for September. In the UK, the main release will …
Following the weekend the euro rose versus most of its major peers after the results of European central Bank stress tests eased concern that balance sheets at some of the regions lenders were too weak. Most of the lenders that failed the European Central Bank’s balance-sheet test have been let off for good behaviour. Only …
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Yesterday was a day that allowed the pound to gain against both the USD and EURO but unfortunately today the pound has dropped following the latest Bank of England Minutes for October. The pound fell and U.K. government bonds advanced as minutes of the Bank of England’s most recent meeting showed the majority of policy …
Good morning, The euro fell to the lowest level in two years against the dollar as slowing inflation boosted the case for the European Central Bank to add further monetary stimulus to avert deflation. The Euro exchange rate falls and had its worst quarter since 2010 amid the ECB’s moves to swell its balance sheet and …
The pound strengthened for a second day versus the euro but following this mornings UK unemployment report and Minutes sterling has once again fallen. US Dollar exchange rate forecast The US dollar has strengthened significantly over the last month against both the pound and euro. Today’s FOMC announcement will be of key interest for the …
As we all know today is the day that Scotland votes whether to seek independence as the UK’s future hangs in the balance US Dollar exchange rates In the US the dollar climbed to six year high versus the Japanese Yen and pushed up 80 points against sterling overnight after Federal Reserve officials raised their …
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Good Morning As we all know today is the day that Scotland votes whether to seek independence as the UK’s future hangs in the balance. Polling stations opened at 7am across Scotland and will close at 10pm tonight. The referendum is the culmination of almost two years of competing arguments over the viability of an …
Good Morning The pound strengthened for a second day versus the euro but following this mornings UK unemployment report and Minutes sterling has once again fallen. UK unemployment has fallen to the lowest level in six years, indicating continued strength in the labor market that Bank of England Governor Mark Carney says will eventually boost …