Pound US Dollar (GBP/USD) Exchange Rate Climbs Despite Slip in UK Inflation

Pound US Dollar (GBP/USD) Exchange Rate Rises amid Risk-On Mood The...

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Pound Euro Exchange Rate News: GBP/EUR Traded Erratically amid Mixed UK Jobs Data

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...

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USD To GBP: Convert United States Dollar to British Pound Sterling - Forbes

USD To GBP: Convert United States Dollar to British Pound Sterling  Forbes

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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 […]

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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 […]

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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 […]

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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, […]

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