Welcome to the Ebury® Blog
Expert market insight and updates to help you navigate the ever changing global currency markets.
Fading trade deal euphoria deals the US dollar a blow
Last week of the massive Trump climbdown on Chinese tariffs buoyed the dollar but the bump faded
Will the Federal Reserve signal the end of its rate hike cycle next week? Rate-setters will be announcing their latest monetary policy announcement.
Sterling break to fresh highs as Parliament rules out hard Brexit. The Fed will meet on Tuesday, with no change in rates expected.
MPs vote to delay Brexit, Sterling traders unimpressed. If May’s deal is accepted on the 20th March, the EU exit date will be pushed to the end of June.
Sterling rockets higher as MPs reject ‘no deal’ Brexit. UK Parliament will vote tonight on whether to extend Article 50 and delay Brexit.
Sterling unmoved after MPs reject May’s Brexit deal. Attention turns to next week’s FOMC meeting, where we expect a downward revision of the ‘dot-plot’.
Sterling spikes on hopes that Brexit deal could pass today. News that the Northern Irish ‘Backstop’ will not be permanent after Brexit boosted the Pound.
Even though markets had braced themselves for a dovish ECB meeting, the central bank managed to outdo expectations with a significant downward revisions of growth and inflation forecasts and the announcement of a fresh round of cheap long term financing for banks.
The Euro sank by around one percent against the US Dollar on Thursday, putting it on course for its worst weekly performance in a year, after the ECB delivered a very dovish surprise following its latest monetary policy meeting.