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On Monday, the US dollar declined against a basket of other major currencies, as investors were weighing in the impact of another interest rate hike by the US Federal Reserve. After all, the economy appears to be on the brink of recession. The central bank meeting The monetary policy meeting of the US central bank … Read more

On Friday, the British pound declined against the US dollar, as fresh economic data fanned concerns about a slowdown in the UK’s economy, which is already dealing with inflation that has reached highs in four decades. Economic data On Friday, an industry survey showed that the growth in business activity in Britain grew at its … Read more

On Thursday, the euro climbed against the US dollar amidst a choppy trading session, after a 50 basis points increase in the interest rate was delivered by the European Central Bank (ECB) for controlling inflation. This is the bank’s first hike in the interest rate after 2011. Rate hike The benchmark deposit rate of the … Read more

On Thursday, the central bank of Ukraine decided to devalue its hryvnia currency against the US dollar by 25%. The goal is to assist the country in coping with the growing impact on the economy because of the military invasion of Russia. New hryvnia rate According to a statement from the National Bank of Ukraine … Read more

On Thursday, the euro fell as the European Central Bank prepared to hike its interest rate after more than a decade. In addition, the political turmoil in Italy ended up offsetting any relief at the resumption of gas flows from Russia through the largest pipeline in the region. The euro movements Traders will not only … Read more

On Tuesday, London’s benchmark UK FTSE 100 index gained, as a strong performance in consumer staples and banks and a buoyant global mood managed to offset worries of a big interest rate hike in the next month after the jobs data turned out to be stronger-than-expected. Indexes gains The resource-heavy FTSE 100 had recorded losses … Read more

On Wednesday, the euro recorded a decline from a high of two weeks, as investors geared up for a crucial meeting on Thursday of the European Central Bank (ECB). Policymakers have floated the possibility of increasing the interest rate by 50 basis points in the meeting. Mood changes In the previous four trading sessions, there … Read more

On Tuesday, the British Pound strengthened against a US dollar that appeared to be struggling broadly but declined against a stronger euro. This was because domestic politics was still very much in play and data showed that the demand for staff had not yet taken a hit in Britain, despite the cost-of-living crisis that seems … Read more

On Friday, there was a decline in the US dollar as investors were evaluating the magnitude of the interest rate hike from the Federal Reserve in its meeting later this month. Moreover, Thursday saw the greenback climb to two-decade highs after a strong rally, thereby prompting investors to take some profits. Interest rate impact There … Read more

On Monday, the British pound climbed against a weakening dollar as markets pulled back some of their bets about the aggressive interest rate hikes from the US Federal Reserve. However, the rally in sterling was capped by persistent fears of an economic recession in Britain and the ongoing political turmoil. Sterling movements On Thursday, the … Read more