Dear Reader,

 

Today's overview of economic news and market action:

 

    • Mixed mood on markets continued yesterday …
    • German inflation fell by more than anticipated in November …
    • Furthermore, US GDP was revised higher for Q3 …
    • Against this backdrop, the euro was under pressure, and the dollar was firmed …
    • Sees EUR/USD open this morning below the midpoint of $1.09-1.10 …
    • EUR/GBP is back in the lower half of the 86-87p band …
    • GBP/USD is changing hands in the top half of $1.26-1.27 …
    • Today, the main releases of note will be updates on inflation in the Eurozone and US …
 
Continue Reading
 
Today's Opening FX Rates
 
    % Change
      Day* End 2022
EUR/USD 1.0944   -0.53 2.26
EUR/GBP 0.8626   -0.32 -2.46
GBP/USD 1.2682   -0.24 4.84
GBP/EUR 1.1589   0.32 2.53
*versus Previous Day's European Open
 
 
Weekly Market Brief: 27 Nov - 1 Dec
 

Best in class

 

This week, the focus will firmly be on inflation in the US, where the latest PCE inflation figures are due for release.
 
Read More
 
FED Watch - November 2023
 

Fed holds rates steady at 22-year high for second meeting

 

The Fed has enacted 525bps worth of rate increases since it commenced tightening policy in March 2022. The last rate rise came in July, with a 25bps hike.
 
Read More
 
BoE Watch - November
 

BoE holds rates at 5.25% for a second straight meeting


This decision was very much in line with market expectations. It marks the second meeting in-a-row where the BoE has remained on hold. Its previous meeting in September represented its first pause after hiking for fourteen consecutive meetings, dating back to December 2021. 
 
Read More