May tries to exit internal division ahead of Brexit trade talks, Amid gloomy U.K. economic data

Pound rose to 1.1342 (+0.23%) against the euro and fell to 1.3935 (-0.15%) against the dollar as of 2:38 AM EST on February 23rd, as Theresa May and her top ministers are gathered to the prime minister country retreat in the attempt to come out with a united Brexit strategy ahead of next trade talks, after a strong divergence of view divided the Tories and as the European Commission officials disclosed May's plan will not work.

Fri, 02/23/2018 - 10:12

Draghi fears Trump’s currency war, ECB minutes hint

European Central Bank minutes highlighted fears by policy-makers the Trump administration was deliberately attempting to start a currency war against the euro.

Fri, 02/23/2018 - 09:05

Investors seem to take for granted a hike in the 21 March FOMC Meeting

Investors are taking for granted a hike during the next 21 March Federal Open Market Committee Meeting, at least looking at the target rate probabilities calculated by FedWatch, a tool developed by the Chicago Mercantile Exchange which publishes odds for future FOMC meeting.

Thu, 02/22/2018 - 14:20

Carney hints the BOE is headed for higher interest rates

On February 21st, the Bank of England governor Mark Carney testimonied to Parliament's Treasury Committee, hinting that U.K. interest rates could rise soon, notwithstanding he did not disclose any clear guidance on the timing of future hikes. 

Thu, 02/22/2018 - 09:22

Favorable risk environment rather than domestic policies is weakening the Dollar, Goldman Sachs says

Which are the real causes for the strong depriciation the dollar suffered over the last weeks? The question is still on, after the higher-than-expected data on U.S. inflation and related fears among investors that the Federal Reserve can hike U.S. interest rates three or four times by the end of the year should have sustained the greenback against the euro. 

Wed, 02/21/2018 - 09:30

Pound is losing ground against Dollar, Euro Amid renewed hard Brexit fears

Pound fell against the dollar and the euro on ForEx Markets on February 20th, as  investors are increasingly worried about the negative effects a hard Brexit from the European Union can produce on British economy.

Wed, 02/21/2018 - 09:14

Weidmann more likely to replace Draghi, after De Guindos Nomination

Spanish Luis De Guindos has paved road for the ECB's vice-presidency, after the Eurogroup officially proposed the current minister of Economy as a designated candidate. 

Tue, 02/20/2018 - 09:50

Oil rises due to OPEC's new agreement, U.S. growth of oil production

Brent Crude futures rose to $65.39 a barrel and the West Texas Intermediate for March delivery rose to $62.50 a barrel on the Nymex on February 19th, due to a new strong commitment by some of the world’s largest oil producers to tighten oil supplies through the end of the year. 

Tue, 02/20/2018 - 09:09

What could happen to ECB if Philiph Lane becomes vice-president

The economic committee of the European Parliament expressed its preference for the Irish central bank governor Philip Lane for the European Central Bank vice president job than Spanish Economy Minister Luis de Guindos, Roberto Gualtieri, the committee’s chairman, said in a statement.

Mon, 02/19/2018 - 09:41