Dear Reader,

 

Today's overview of economic news and market action:

 

    • Main equity indices recouped some of their recent losses yesterday …
    • US Treasury yields declined, while German Bund and UK Gilt yields rose …
    • Against this backdrop, the dollar rally paused for breath …
    • Sees EUR/USD open up in the top half of $1.05-1.06 … 
    • GBP/USD is operating above the $1.22 threshold … 
    • EUR/GBP remains at the midpoint of 86-87p … 
    • Eurozone flash HICP (Sep) & US core-PCE (Aug) inflation due today …
 
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Today's Opening FX Rates
 
    % Change
      Day* End 2022
EUR/USD 1.0583   0.76 -1.11
EUR/GBP 0.8649   -0.02 -2.20
GBP/USD 1.2237   0.81 1.16
GBP/EUR 1.1557   0.02 2.25
*versus Previous Day's European Open
 
Weekly Market View - 26 September
 
 

Many Headwinds Make for Difficult Landing

 

The latest quarterly update from the OECD on the outlook for the global economy was published last week.
 
Read More
 
 
BoE Watch - September 2023
 

BoE holds rates at 5.25% in finely balanced decision


After fourteen consecutive rate hikes, stretching back to December 2021, yesterday’s meeting of the Bank of England’s Monetary Policy Committee (MPC) saw the central bank leave rates unchanged at 5.25%.
 
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FED Watch - September 2023
 

Fed leaves rates unchanged in a hawkish hold

 

As had been well signalled, the US Fed left official interest rates unchanged at the conclusion of its policy meeting.Thus, the target range for the funds rate remains at 5.25-5.50%. 
 
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Weekly Market Brief: 25-29 September
 

The Real Risk Takers


The latest quarterly update from the OECD on the outlook for the global economy was published in the past week. 
 
Read More