Tag Archives: ECB

The Bank of England (BoE) is expected to acknowledge rapid progress in reducing inflation during its first meeting of 2024. Despite analysts anticipating a hold on interest rates at 5.25%, the central bank’s policy announcement on Thursday will be accompanied by new forecasts, reflecting the projected decline in UK inflation …

ECB policymaker Gabriel Makhlouf said on Tuesday that the essence of data-dependency suggests that they should remain open-minded about the interest rate path, per Reuters.“With disinflation well underway, we are confident in sustainably reaching our target of 2%,” Makhlouf added. These comments didn’t have any immediate or noticeable impact on …

The EUR/GBP is trading at 0.8525, at the time of writing, after slipping to its lowest level since August 2023 0.8520, recording 0.23% losses.The daily chart indicates strong selling pressure as the RSI approaches oversold territory. A technical correction could be imminent if indicators reach oversold conditions.As of Monday, the …

Last week’s trading closed in favour of global stocks and the US dollar at the expense of gold, amid data-based support to the idea that it is possible for the Fed to achieve the “soft landing” scenario, which was evident through US economic data that the economic calendar carried to …

The EUR/GBP pair is standing at 08536 at the time of writing, down -0.20%, earlier on the day it was at almost 0.8530, down by 0.30%. The ECB held rates steady as expected. Christine Lagarde refrained from commenting on the timing of the ECB rate cuts. Monetary policy divergences are …

The European Central Bank President, Christine Lagarde, has warned that rapid wage growth is slowing in the eurozone, with interest rates holding at 4%. According to Lagarde, disinflation process is at work, and the pick-up in inflation in December was weaker than expected. Lagarde also noted that price pressures would …

It is broadly expected that the European Central Bank will keep the interest rate unchanged this January at 4.00%, amid statements made by policymakers suggesting that it is still too early to talk about reducing interest.This scenario reinforces the European monetary authorities’ assertion that any future movement on the interest …

European stocks fall as limited dip-buying coincides with a risk rally. Europe PMIs on Wednesday, ECB due on Thursday. PMIs for the euro area are predicted to grow slightly.Tuesday saw a first leg up for European market indices, which reached near-term highs before reversing course and testing the low end …

At the time of writing, the EUR/USD pair is down 0.45% in the North American session, to 1.0833, after rising to 1.0915, helped by the Fed’s policy outlook. The Eurozone’s decline in confidence and the ECB’s tighter credit policy impact the euro against the greenback.Future US GDP estimates and ECB …

In general, European indices surged to begin the new business week. In a nod to last week’s bidding fervor, risk appetite is driving stocks higher. Investors suffering from FOMO are prioritizing stocks above data threats.Monday saw gains in all of the European equity indexes as traders piled into the market …