Breaking News
Sterling Trading at Mne-Month High Against US Dollar
Jordan Hiscott, Chief Trader at ayondo markets:
“With Sterling trading at a one-month high against the US Dollar, all eyes will be on the Bank of England’s GDP and inflation forecasts during tomorrow’s SuperThursday announcements. It will be interesting to see how the recent lift in overall oil price will have affected the Bank’s inflation data, and ultimately its interest rate strategy, which seems to have changed drastically in the last six months.
“In the aftermath of Brexit, there was talk of possibly having two interest rate cuts but as recently as November, Mark Carney hinted that interest rates were just as likely to go up as down. This is clearly the result of better-than-expected growth and higher-than-expected inflation.”
- EXCLUSIVE: “Stable & Secure?” – Simone Loefgen, Commerzbank in ‘Discover Sibos 2025’ Read more
- CBI Drives Verification of Payee Compliance in Italy Read more
- Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers Read more
- Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil Read more
- EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’ Read more