Will the Euro Reach Parity with the Dollar?
ECB officials continue to favour cutting rates several times this year, despite the ongoing Middle East conflict and higher US inflation.
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ECB officials continue to favour cutting rates several times this year, despite the ongoing Middle East conflict and higher US inflation.
The FTSE 100 has risen on Tuesday, extending yesterday’s rally, after increased hopes that the Bank of England will cut interest rates twice this year.
Sterling (GBP) strengthened on Wednesday and rallied against the greenback after the release of hotter-than-expected inflation data for March.
The CAD weakened against the USD ahead of the key release of Canadian CPI data.
According to the latest money market pricing, the first interest rate cut by the Bank of England (BoE) is fully priced in by August.
The US Consumer Price Index is expected to gain 3.4% annually in March after the 3.2% rise in February.
NZD/USD remained in positive territory after the release of weaker Business Confidence data from New Zealand on Tuesday
Eurozone inflation dropped lower than expected to 2.4% in March, boosting expectations that the European Central Bank will cut interest rates by the summer.
By Jack Scorgie
Switzerland’s central bank has surprisingly cut interest rates on Thursday by 0.25 percentage points to 1.5%.
The pound remains indecisive against the US dollar as investors await fresh insights ahead of the release of US data.
Universal Partners FX Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution under the Payment Services Regulations 2017. Our FCA Firm Reference Number is 820037.
For some clients based in the United Kingdom and rest of the world, payment services and e-money services for Universal Partners FX Ltd are also provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).
For clients based in the European Economic Area, payment services for Universal Partners FX Ltd are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).
For clients based in the United States, payment services for Universal Partners FX Ltd are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.
© Copyright Universal Partners FX 2023 | All Rights Reserved | Universal Partners FX Ltd, The South Quay Building, 77 Marsh Wall, Canary Wharf, London, E14 9SH, United Kingdom. Registered in England & Wales, number: 10674030.