Currency Converter

Currency Converter



Saturday, March 30, 2024

Pound Sterling Drops Against Euro and Dollar on Bank of England Dovish Shift

The British Pound fell against the Euro, US Dollar and other major currencies on Thursday after the BoE kept rates and communication unchanged. The Pound to Euro exchange...

* This article was originally published here

Friday, March 29, 2024

GBP/EUR: MUFG Lowers Pound to Euro Forecast Gains to 1.2085

The Pound to Euro exchange rate (GBP/EUR) dipped to 2-month lows at 1.1625 on Friday before a limited recovery to 1.1655 on Monday. The shift in interest rate...

* This article was originally published here

Thursday, March 28, 2024

Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Friday and retreated below the 1.1700 level on Monday to trade around 1.1685. MUFG is still...

* This article was originally published here

Tuesday, March 26, 2024

Pound to Dollar Rate Rallies to 1.2650, Asian Warnings Keep USD in Check

The U.S. Dollar was hampered by two global developments during Monday and drifted lower in global markets. In this context, European currencies were also able to...

* This article was originally published here

Saturday, March 23, 2024

Bank of Mexico Cut Interest Rate, Too

Mexico’s overnight interbank interest rate has been sliced to 11.0% from 11.25%. This is the first reduction since February 2021, when the rate settled in at a pandemic low of 4.0% that would last only four months. After increases totaling 150 basis points during the final seven months of 2021, 500 bps in 2022, and […]

* This article was originally published here

Friday, March 22, 2024

Turkish Monetary Policy Pause Shortlived and Ends With Big Interest Rate Hike

Turkish consumer price inflation accelerated from 38.2% in mid-2023 to a 15-month high in February of 67.1%. But after leaving its policy interest rate unchanged at 45% after February’s policy meeting, officials at the Central Bank of Turkey were not expected to modify their stance, which had seen the rate raised from 8.5% since the […]

* This article was originally published here

Saturday, March 16, 2024

Market Focus Swings Back to Inflation

This week brings the release of U.S. consumer price data tomorrow, U.S. producer prices on Thursday and U.S. import prices due Friday. China reported CPI and PPI figures today, Japanese producer prices arrive Tuesday as do Brazil’s CPI and the finalized German CPI data. Barring a big surprise, the likeliest initial Fed rate cut is […]

* This article was originally published here

Thursday, March 14, 2024

Continuing Focus Upon Inflation Data

Several price data were released this Thursday even before the highly awaited U.S. PPI report. The monthly increase of Spanish consumer prices in February got revised higher to 0.4% from 0.3% reported initially, by year-on-year CPI inflation remained unchanged at a 6-month low of 2.8%. Spanish inflation peaked in July 2022 at 10.8%. Irish CPI […]

* This article was originally published here

Wednesday, March 13, 2024

Euro to Dollar Week Ahead Forecast: EUR/USD Waiting for a Fresh Narrative

Foreign exchange analysts at Bank of America are sticking to their forecast that the Euro to Dollar exchange rate (EUR/USD) will strengthen to 1.15 at the end of...

* This article was originally published here

Tuesday, March 12, 2024

Contending With Super Tuesday Primaries, China’s Lackluster Growth Outlook, and Uncertain Monetary Policy

There’s an uneasy mood in the financial community. The likelihood of a second and far more chaotic Trump presidency keeps growing. Once today’s U.S. primary results are counted, the Republican nomination race will be effectively over. Meanwhile, the Democrats can’t find a convincing way to dispel comparisons of Biden’s current health to those of Woodrow […]

* This article was originally published here

Wednesday, March 6, 2024

February 2024 in Figures

February 2024 was another strong month for global equities and the dollar and a spectacularly good one for holders of Bitcoin. None of the major central banks in the table below changed their reference interest rates. Outside that group, central banks cut rates by a full percentage point in Hungary and by 50 basis points […]

* This article was originally published here

Tuesday, March 5, 2024

Pound Sterling Creeps Higher vs Dollar as US Yields Retreat

Thursday̢۪s UK and US economic data releases failed to have a major impact, although slightly softer than expected US jobless claims data did trigger limited dollar...

* This article was originally published here

Monday, March 4, 2024

Euro to Pound Rate "Finds itself in a State of Flux": Danske

The latest UK data indicates that hopes for lower interest rates have underpinned a rebound in the housing sector and boosted business confidence. The Euro has held...

* This article was originally published here

Friday, March 1, 2024

Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months

ING analysts forecast the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.31 on a 12-month view as the dollar loses ground. Danske Bank, however,...

* This article was originally published here