High inflation to temper growth.
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Sterling has lost ground after the Bank of England decided to leave interest rates unchanged following its latest monetary policy meeting – slightly wrongfooting the market which had leaned towards a rate hike – though it is off its lows trading at $1.2260 against the dollar and at around 86.7p to the euro. The single […]
US bond yields are higher and the dollar is firmer following yesterday’s Fed meeting, at which the central left interest rates on hold but indicated it could hike again before the end of this year and pared back the extent of rate cuts next year. The dollar has strengthened to around $1.0640 and $1.2320 against […]
Sterling is a bit softer this morning following some weaker than expected UK inflation data and is trading at just under $1.235 to the dollar and at 86.5p to the euro. The dollar is mostly unchanged this morning against the single currency ahead of the Fed’s latest interest rate decision later today, and is trading […]