Pound (GBP) Undermined by Climbing Unemployment
The Pound (GBP) saw mixed success on Tuesday in the wake of a flurry of jobs data. Overall, investors remained concerned with the labour market as the unemployment figure edged up.
The unemployment figure increased for the third consecutive month to 3.7%, but still...
* This article was originally published here
Friday, December 30, 2022
Monday, December 26, 2022
Friday, December 16, 2022
Week Ends With a Disappointing U.S. Producer Price Report
Some Asian stock markets continued to rally on China’s announced relaxation of Covid restraint measures, which lessens a significant demand depressant in that key economy, but financial markets elsewhere around the world continue to fret over stagflation and the tightening of monetary policies. Next week will be the last one of 2022 before year-end conditions […]
* This article was originally published here
* This article was originally published here
Friday, December 9, 2022
Peru and Serbia
At other central banks, the restoration of price stability remains the dominant priority. The Central Reserve Bank of Peru’s interest rate benchmark has undergone a fourth straight 25-basis point hike, reaching 7.5% versus 0.25% at the end of 2020 and 2.5% at the end of 2021. Peruvian inflation accelerated 0.2 percentage points to 8.45% in […]
* This article was originally published here
* This article was originally published here
Thursday, November 3, 2022
Incremental Size of Norwegian Rate Hike Reduced but Normalization Process Not Over
The Bank of Norway’s policy interest rate had been slashed early in 2020 from 1.50% to zero percent, where such remained from May of that year until a 25-basis point increase in September 2021. Two more 25-bp increases were done in September and December of last year, and with inflation intensifying, a trio of 50-basis […]
* This article was originally published here
* This article was originally published here
Monday, October 31, 2022
50-Basis Point Central Bank Rate Hike in Canada and More Tightening to Come
Today’s 50-basis point increase of the Bank of Canada‘s overnight rate target to 3.75% follows five consecutive hikes since March totaling three percentage points. More rate hikes will follow, and quantitative tightening to reverse some of the balance sheet growth during the pandemic will also continue. Although indicators of long-term expected inflation remain fairly well-anchored, […]
* This article was originally published here
* This article was originally published here
Tuesday, September 20, 2022
Saturday, September 10, 2022
Tuesday, August 9, 2022
Sunday, August 7, 2022
Monday, July 18, 2022
Wednesday, July 13, 2022
Pound Euro Exchange Rate News: GBP/EUR Softens Despite Economic Growth in the UK
Pound (GBP) Under Pressure from Growing Recession Fears Despite Strong GDP
The Pound (GBP) is under renewed pressure today despite the surprising expansion of the UK economy in the month of May. The dark cloud of recession continues to linger, as worrying undertones to the GDP data reveal the gloomy economic outlook...
* This article was originally published here
* This article was originally published here
Thursday, June 23, 2022
Investors Seeking a Floor
Bottom-fishing lifted share prices by 1.8% in Japan, Pakistan and India, 1.9% in Hong Kong, 2.4% in Taiwan, and 1.4% in Australia this Tuesday. Equities currently are up 1.2% in France and show a 0.7% rise in Italy, Germany, and Great Britain. U.S. stock futures have climbed around 1.7%. Mixed movement in the dollar saw […]
* This article was originally published here
* This article was originally published here
Monday, June 6, 2022
Sunday, May 15, 2022
Thursday, April 28, 2022
Pound Euro Exchange Rate News: GBP/EUR Climbs amid Fresh Concern over War in Ukraine
GBP/EUR Boosted as Ukraine Crisis Intensifies
The Pound Euro (GBP/EUR) exchange rate is buoyed today in response to geopolitically-driven weakness in the single currency.
At the time of writing, the GBP/EUR exchange rate is trading at approximately $1.1912, roughly up 0.4% from todayâs opening levels....
* This article was originally published here
* This article was originally published here
Wednesday, April 6, 2022
Pound US Dollar Exchange Rate News: GBP/USD Climbs amid Improved Risk Appetite
GBP/USD Boosted by Risk-On Sentiment
The Pound US Dollar (GBP/USD) exchange rate is trading higher as peace talks between Russia and Ukraine progress, underpinning a risk-on mood.
At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3139, roughly up 0.3% from todayâs opening...
* This article was originally published here
* This article was originally published here
Saturday, March 26, 2022
Pound Euro Exchange Rate News: GBP/EUR Rangebound Following Failure of Russian-Ukrainian Peace Talks
GBP/EUR Muted as Ukraine Crisis Continues to Drive Volatility
The Pound Euro (GBP/EUR) exchange rate is trading in a narrow range during todayâs session after a disappointing conclusion to yesterdayâs Russian and Ukrainian peace talks.
At the time of writing, the GBP/EUR exchange rate is trading at approximately...
* This article was originally published here
* This article was originally published here
Tuesday, February 22, 2022
Pound Canadian Dollar Exchange Rate News: GBP/CAD Rangebound as UK Political Landscape Remains Unstable
GBP/CAD Muted as UK Politics Remains Uncertain
The Pound Canadian Dollar (GBP/CAD) exchange rate is trading in a narrow range this morning as the UK and geopolitical landscape remains unstable, with Sue Grayâs report expected to be published imminently, as well as the unknown future regarding the Russia-Ukraine...
* This article was originally published here
* This article was originally published here
Saturday, February 19, 2022
Tuesday, February 15, 2022
Pound Euro Exchange Rate News: GBP/EUR Rangebound Despite Strong UK GDP Data
GBP/EUR Trades in Narrow Range Despite Strong UK GDP Figures
The Pound Euro (GBP/EUR) exchange rate is mixed at the beginning of todayâs session in spite of the UKâs latest GDP figures printing higher than expected.
At the time of writing, the GBP/EUR exchange rate is trading at approximately â¬1.1971, with...
* This article was originally published here
* This article was originally published here
Monday, February 14, 2022
Pound US Dollar Exchange Rate News: GBP/USD Falls amid UK Political Turbulence
GBP/USD Stumbles as UK Prime Minister Faces Further Pressure to Resign
The Pound US Dollar (GBP/USD) exchange rate is slipping today as the UK faces political uncertainty as well as a significant rise in the cost of living.
At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3575,...
* This article was originally published here
* This article was originally published here
Sunday, February 13, 2022
Saturday, February 12, 2022
Pound US Dollar Exchange Rate News: GBP/USD Firms Ahead of US inflation Reading
GBP/USD Trading Higher Ahead of US Inflation Reading
The Pound US Dollar (GBP/USD) exchange rate is edging higher today as US investors remain cautious ahead of this afternoonâs inflation reading.
At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3567, up roughly by 0.3% from...
* This article was originally published here
* This article was originally published here
Friday, February 11, 2022
Several Central Banks Left Rates Steady, But Fresh Price Data Fan Concern
The Reserve Bank of India‘s repo and reverse repo rates were left unchanged at 4.0% and 3.35%. A released statement explains, “The MPC notes that inflation is likely to moderate in H1:2022-23 and move closer to the target rate thereafter, providing room to remain accommodative” And adds “the ongoing domestic recovery is still incomplete and […]
* This article was originally published here
* This article was originally published here
Thursday, February 10, 2022
Sharp Rise in European 10-Year Sovereign Debt Yields
Ten-year sovereign debt yields posted daily jumps this Monday of 27 basis points in Greece, 12 basis points in Italy, 8 basis points in Spain and Portugal, 4 bps in France, 3 bps in Germany, 2 bps in the U.K. and just a single basis point to 1.92% in the United States. The 10-year Japanese […]
* This article was originally published here
* This article was originally published here
Wednesday, February 9, 2022
Softer Euro Against Dollar and Other European Currencies
The dollar rose 0.2% overnight in weighted terms and against the Japanese yen. Sterling and the Swiss franc nearly matched strides with the greenback, but the euro slid on some dovish remarks by ECB President Lagarde and lost 0.4% against the U.S. currency. Lagarde maintained that medium-term inflation expectations remain aligned with the ECB target […]
* This article was originally published here
* This article was originally published here
Tuesday, February 8, 2022
Monday, February 7, 2022
Central Bank of Brazil
Officials at the Central Bank of Brazil authorized a 150-basis point hike of their Selic interest rate to 10.75%. From a pandemic low of 2.0% prior to March 2021, there have been eight increases totaling 875 basis points. Brazilian CPI inflation accelerated from 4.6% in January 2021 to just over 10% currently and way above […]
* This article was originally published here
* This article was originally published here
Sunday, February 6, 2022
Saturday, February 5, 2022
January 2022 in Figures
High global inflation dominated the past month. Central bank interest rates were raised in January in several countries, including Poland, Peru, Romania, South Korea, Ukraine, Sri Lanka, Kazakhstan, Chile, Hungary and South Africa, and markets anticipated that top-tier monetary authorities like those covered in the table below will be following suit. The Bank of England […]
* This article was originally published here
* This article was originally published here
Friday, February 4, 2022
Thursday, February 3, 2022
Pound Euro Exchange Rate News: GBP/EUR Rangebound as Eurozoneâs Inflation Overshoots Forecast
GBP/EUR Muted as Eurozone Inflation Increases
The Pound Euro (GBP/EUR) exchange rate is trading in a narrow range today, in response to Eurozoneâs inflation rising higher than predicted.
At the time of writing, the GBP/EUR exchange rate is trading at approximately â¬1.1986, with minimal market movement from...
* This article was originally published here
* This article was originally published here
Wednesday, February 2, 2022
Pound Euro Exchange Rate News: GBP/EUR Trades at 22-Month High amid UK Economic Optimism
GBP/EUR Mixed as Omicron Case Numbers Increase
The Pound to Euro (GBP/EUR) exchange rate is muted in the beginning of todayâs session, buoyed by new optimism from GBP investors despite increasing case numbers of Omicron.
At the time of writing, the GBP/EUR exchange rate is trading at approximately â¬1.1924, with...
* This article was originally published here
* This article was originally published here
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