The Pound received an unexpected boost yesterday ahead of the Bank of England rate announcement this Thursday with growth in UK Manufacturing exceeding expectations. The Purchasing managers index surged to 55.1 in the figures released for June with input and output prices also increasing last month, which will only add to concerns that inflation is [...]
Exchange Rate Forecasts
July, 2006
The Euro makes significant gains against the majors ahead of the ECB rate decision and press on conference this Thursday
Tuesday, July 4th, 2006Euro-zone manufacturing expands at the fastest pace in six years as the ECB considers a more aggressive move towards monetary tightening
Monday, July 3rd, 2006The Euro has been steadily gaining over the majors in the past couple of weeks, particularly the Dollar, as the outlook for higher euro-zone interest rates begins to gather momentum. Three members of the ECB’s governing council publicly put forward their recommendation for a more aggressive move towards monetary tightening and therefore, the June ECB [...]
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