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Sterling hit a 5-1/2 month high against the euro on Wednesday after data showing lower inflation in major European markets, but fell against the dollar as investors eyed Bank of England rate expectations for the pound's direction. The euro dropped to as low as 86.27 pence, its weakest since Dec. 15, and was last trading down 0.2% at 86.32 pence after inflation data from France and several major German states came in under expectations. More broadly, investors were looking at expectations for the Bank of England's main interest rate for indications about where the pound trades from here.
Home prices in the euro zone may be headed for a "disorderly" decline as high mortgage rates make purchases unaffordable for households and unattractive for investors, the European Central Bank (ECB) said on Wednesday. It was one of several risks flagged in the ECB's Financial Stability Review (FSR, along with higher borrowing costs and slower growth hurting companies and households and, in turn, casting a shadow on traditional lenders and shadow banks. The ECB has been raising interest rates from record lows since July in a bid to fight inflation, and looks set to continue doing so in coming months.
Spending more time together virtually may have had a lasting impact on how we communicate face-to-face and how we connect with people we work with.
The euro initially plunged below a major trend line in the 200-Day EMA, only to turn around and show signs of life.
Optimism over a US-debt deal agreement weighed on gold prices as investors once again gravitate towards riskier assets.
The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.
Euro zone bond yields fell on Tuesday after Spanish inflation data came in lower than expected, raising hopes that the European Central Bank may raise interest rates less than previously feared. It followed a drop in yields on Monday after Democrats and Republicans reached a deal on the U.S. debt ceiling on Friday. Germany's 10-year yield, the benchmark for the euro zone, was down 4 basis points (bps) at 2.389% on Tuesday after falling 11 bps on Monday.
Banks criticised for offering 'meagre' returns on customers' savings despite soaring interest rates.
The euro initially tried to rally during the trading session on Monday, but as it was Memorial Day in the United States it’s not a huge surprise that the market did very little.
Consumers who can least afford to pay over the odds more likely to be hit with a penalty of £302 on average.
The euro has plunged during the trading week, as we are now testing a major uptrend line.
The euro initially tried to rally during the day on Friday but gave back gains rather quickly.
The UK might be headed towards a recession as stubborn core inflation could see the Bank of England increase interest rates to a peak of 5.5%.
The rise of text to video applications could see AI-generated feature films created in people's bedrooms by the end of the year, claims a web3 advisor.
The euro has fallen a bit during the trading session again on Thursday, as it looks like we are heading toward the 200-Day EMA.