📰 360tf and Ebury forge strategic partnership to elevate financial services for clients in UAE - read more.
- About us
- Corporates
- Institutions
- Partner with us
- Careers
-
UAE - EN
- Australia - English
- België - Nederlands
- Belgique - Français
- Canada - English
- Česká Republika - Čeština
- Deutschland - Deutsch
- España - Español
- France - Français
- Ελλάδα - Ελληνικά
- Hong Kong - English
- Italia - Italiano
- Luxembourg - English
- Nederland - Nederlands
- Polska - Polski
- Portugal - Português
- România - Română
- Schweiz - Deutsch
- Suisse - Français
- United Arab Emirates - English
- United Kingdom - English
- Hong Kong-Traditional Chinese.
Contact our experts
Ebury London
100 Victoria Street
London
SW1E 5JL
+44 (0) 20 3872 6670
[email protected]
Ebury.com
US Dollar edges higher amid ongoing Fed chair speculation
- Go back to blog home
- Latest
24 October 2017
Senior Market Analyst at Ebury. Providing expert currency analysis so small and mid-sized businesses can effectively navigate international markets.
The Euro approached a two week low against the US Dollar on Monday with continued speculation that Donald Trump will appoint a more hawkish candidate as the next chair of the Federal Reserve keeping the greenback well supported against most major currencies.
This morning’s preliminary business activity PMIs out of the Eurozone also did little to support the common currency. The composite PMI, which represents a weighted average of both the manufacturing and services sectors, slowed to 54.9 from 56.7 following a fairly abrupt slowdown in services output. Investors had expected a very modest down-tick to 56.5. Consumer confidence data for October was mildly encouraging yesterday, increasingly to -1.0 from -1.2.
Sterling steady despite PM May Brexit optimism
Sterling traded within a relatively narrow range against the US Dollar as markets opened for the week on Monday, with the market mostly taking Brexit optimism in its stride.
Theresa May’s comments hailing ‘important progress in EU talks did little to inspire any sort of rally in the Pound. The PM claimed she was ‘ambitious and positive’ about future negotiations during her speech yesterday, describing talks as being constructed in a ‘constructive spirit’.
Meanwhile, with an interest rate hike in the UK in November already mostly priced into the value of Sterling, investors largely overlooked somewhat dovish comments from Bank of England rate-setter Jon Cunliffe yesterday afternoon. Cunliffe claimed that the economy ‘has clearly slowed this year’, and that interest rates will not go up by as far and as fast as they did before the financial crisis in 2008. He also suggested that the crisis was still having an effect on productivity in the UK.
With no economic data releases on the docket in the UK today, Sterling will be largely driven by political developments. We instead look to Wednesday’s preliminary GDP numbers for the third quarter.
Privacy Overview
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-advertisement | 1 year | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement". |
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Cookie | Duration | Description |
---|---|---|
_ga | 2 years | This cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors. |
_ga_8JMN8G10Y6 | 2 years | This cookie is installed by Google Analytics. |
_gat_gtag_UA_51187572_53 | 1 minute | This cookie is set by Google and is used to distinguish users. |
_gid | 1 day | This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form. |
CONSENT | 16 years 4 months | These cookies are set via embedded youtube-videos. They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback.No sensitive data is collected unless you log in to your google account, in that case your choices are linked with your account, for example if you click “like” on a video. |
pardot | past | The pardot cookie is set while the visitor is logged in as a Pardot user. The cookie indicates an active session and is not used for tracking. |
Cookie | Duration | Description |
---|---|---|
IDE | 1 year 24 days | Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile. |
test_cookie | 15 minutes | The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies. |
VISITOR_INFO1_LIVE | 5 months 27 days | A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. |
YSC | session | YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. |
yt-remote-connected-devices | never | These cookies are set via embedded youtube-videos. |
yt-remote-device-id | never | These cookies are set via embedded youtube-videos. |
Cookie | Duration | Description |
---|---|---|
_lfa | 2 years | This cookie is set by the provider Leadfeeder. This cookie is used for identifying the IP address of devices visiting the website. The cookie collects information such as IP addresses, time spent on website and page requests for the visits.This collected information is used for retargeting of multiple users routing from the same IP address. |