Author: Conn Creedon

Euro up slightly in early trading following French election

The Euro is up a bit over 0.5% to 1.0770 versus the Dollar in this mornings trading. Sterling is also up slightly versus the Dollar, to about 1.2680, leaving the euro up about 0.3% against sterling to £0.849. The dollar versus Yen rate, the focus of much market attention of late was broadly unchanged since […]

Steady trading in FX and bond markets

The euro is not much changed versus the dollar over the past 24 hours, up very slightly to $1.070 from $1.068, still in the fairly tight range it has traded in for a couple of weeks. The first US presidential debate between President Biden and former President Tump was held overnight, but didn’t produce anything […]

UK Outlook June 2024

We have revised up our forecasts for GDP growth to 0.8% in 2024 (from 0.4% in our February Outlook) and to 1.4% in 2025 (from 1.2% previously), slightly above consensus expectations and Bank of England forecasts. We expect growth to accelerate further to 1.6% in 2026. The unemployment rate is likely to continue edging higher […]

Euro in narrow range

The recent ups and downs for the euro continued yesterday. The single currency was under pressure following the European elections two weeks ago that saw it drop from $1.09 to $1.07 to the dollar over the course of a week. In the 8 or so trading days since then, while it has come under pressure […]

This weeks highlights: –Euro down slightly versus the dollar –BoE surprises market with a 50bp hike –UK inflation higher than expected –Fed Chair Powell hawkish in Testimony Read in Full Weekly Round Up June 23rd

Bank of England hikes rates more than expected

The euro has fallen back against the dollar over the past 24 hours, down roughly 0.5% to trade around $1.0925. The single currency is broadly unchanged against sterling at just under £0.86. Sterling is down a bit against the dollar, trading at close to $1.27. Despite the Bank of England move (see below), UK 10 […]

Fed Chair Powell reiterates hawkish message

After a couple of quiet days the euro has moved higher against the dollar over the past 24 hours, gaining roughly 0.5% to trade just below $1.10 and continuing its strong performance in June so far. The euro also gained around 0.5% against sterling to trade at £0.86 this morning. Sterling is trading at $1.275 […]

Euro steady against dollar

Quiet day again yesterday with not much change in the main currency pairs. The euro has made a sizable move up last week against the dollar but appears now to be levelling off at above $1.09 at the start of this week. Against sterling, the single currency was up just a fraction but remains in […]

Weekly Roundup – 16 June 2023

This weeks highlights: Euro gains versus the dollar; ECB hikes 25bp; Fed leaves rates unchanged; UK unemployment declines Read in Full: Weekly Round Up June 16th