Euro Eases Against Dollar As Investors Await Clues On ECB Interest Rate Path
The euro fell against the US dollar on Wednesday as investors looked toward incoming market and inflation data in an effort to uncover clues as to the path that the European Central Bank (ECB) and the Federal Reserve will take with regard to their...
Euro Slips Amid ECB Rate Talks
The Euro fell on Friday to its lowest level in mid-June amid growing expectations that the European Central Bank could soon pause interest rate hikes. This comes ahead of Friday's speech by Federal Reserve chair Jerome Powell, with the US central bank to continue...
Sterling Gains Ground Against Dollar, Loses to Euro Ahead of Rate Decisions
The pound gained ground against the dollar while slipping against the euro on Wednesday ahead of the U.S. Federal Reserve's monetary policy decision due later in the day.
The pound rose 0.1% against the dollar to $1.2913 while falling 0.1% against the euro to 85.81...
Sterling Rises as UK Companies Lower Price Inflation Expectations
The British pound rose to a two-week high against the euro on Thursday, inching 0.17% higher at 85.30 pence after data from the Bank of England (BoE) showed that UK companies have lowered their expectations for selling price inflation.
BoE's Decision Maker Panel showed that output...
Eurozone Business Growth Comes to a Standstill in June
Eurozone business growth stalled in June as manufacturing continued to decline and service industries barely expanded, HCOB's flash Composite Purchasing Managers' Index (PMI) found.
The index, compiled by S&P Global, fell from 52.8 in May to 50.3 in June. This is slightly above the 50...
Euro Zone in Recession Following Downward Revision of Growth
Data from the European statistics agency Eurostat released on Thursday revealed that the eurozone slipped into a recession during the first three months of 2023. This comes after a downward revision of growth in both the first quarter of 2023 and the last quarter...