Pound Sterling is recovering against Dollar
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
Will the ECB president change his tone?
The European Central Bank will publish its monetary policy statement and announce the official rate on July 25, at 14:45 MT time. After that, the ECB president Mario Draghi will conduct a press conference at 15:30 MT time. We anticipate no changes to the current interest rate, which is held at 0%. However, the ECB president Mario Draghi may throw hints on the possible changes to the current monetary policy and provide comments on the current economic outlook. Last time, Mr. Draghi suggested that the European economy needed additional stimulus for better conditions. His dovish comments pulled the euro lower. If the ECB president changes his tone this time, the situation will be different.
• If the ECB is hawkish, the euro will rise;
• If the ECB is dovish, the euro will fall.
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Latest news
Pound Sterling is recovering against Dollar
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
Euro zone suffers loss of economic activity
Economic activity in service sector in the Euro zone and the UK is on its lowest rates since 2009.
USD: easy there
Jerome Powell made a rare appearance in the public media this Thursday. What did he bring to the audience?
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