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Sterling tumbles after resounding BoE rate hike

Sterling fell after the Bank of England's resounding interest rate hike, the biggest since 1995, in its attempt to tame inflation that is expected to exceed 13% in the coming months. In particular, the BoE raised its...

Closer to absolute parity with the dollar is the euro

LAST UPDATE: 12:56 p.m The euro edged even closer to absolute parity with the dollar today as the euro zone's energy supply sufficiency and concerns about the bloc's economies continue to weigh on the common European currency....

Ebury: Macroeconomic data in focus

By Enrique Diaz - Alvarez * Stock markets and risk markets in general recovered sharply last week, while US interest rates did not. The result was a predictable sell-off of the dollar, which mainly benefited the...

Investors queue to sort British pound with a possible recession on the horizon

Traders are increasingly sorting into the British pound as the cost-of-living crisis in the UK begins to intensify, CNBC reports. Inflation rose to 9% a year earlier in April, a 40-year high as food and energy prices...

Ebury: Week … ECB and Inflation in US – UK

By Enrique Diaz - Alvarez * The euro fell to the bottom of the G10 currency rankings over the weekend amid concerns about both the duration of the war in Ukraine and the French presidential election. ...

Ebury: The euro ‘finds’ support

By Enrique Diaz - Alvarez * The euro, along with the Swedish krona and the Swiss franc, topped the G10 currency rankings last week. The sense that we may be entering a less catastrophic phase of...