Tuesday, October 3, 2023

Pound Euro Exchange Rate News: GBP/EUR Wavers on Hawkish ECB rate Hike

Euro (EUR) Buoyed by Prospect of Further Tightening The Euro (EUR) enjoyed modest gains on Thursday in the wake of the European Central Bank (ECB) opting to meet market expectations and raise the interest rate for the eighth consecutive meeting. The cash rate now sits at 4%, the highest level since the financial crisis...

* This article was originally published here

Monday, October 2, 2023

Spotlight Shining on Oil Prices

Oil inventory data on Wednesday sent the price of West Texas Intermediate up to a 14-month high of $95.03 per barrel overnight, but the price subsequently settled back and is currently 0.5% below yesterday’s close. Investors or on tenterhooks to see where the oil price heads next. An additional concern, which has buttressed sovereign debt […]

* This article was originally published here