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GBP: BoE cuts rates in tight 5–4 vote – Rabobank
The Bank of England (BoE) cut Bank Rate by 25bp to 3.75%, as expected. The 5-4 vote split was also in line with expectations, though markets had probably hoped for a stronger majority after yesterday’s inflation surprise, Rabobank's Senior Macro Strategist Stefan Koopman report.
GBP: BoE signals endgame for easing – TDS
The Bank of England (BoE) delivered a closely split rate cut as expected, stressing that policy decisions will become more finely balanced as the easing cycle nears its end, with only one more cut likely in early 2026, TDS' economists report.
Lagarde speech: We look carefully at appreciation of Euro
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the December policy meeting and responds to questions from the press.
Lagarde speech: No set date for any move
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the December policy meeting and responds to questions from the press.
November US CPI data set to provide update on prices after long shutdown gap
The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for November on Thursday at 13:30 GMT.
EUR/USD tests key multi-month resistance – Société Générale
EUR/USD has extended its rebound after breaking a short-term downtrend, but is now stalling near major resistance around 1.18, where near-term consolidation may decide whether a larger bullish trend unfolds, Société Générale's FX analysts note.
US Dollar Index steadies near 98.50 ahead of CPI data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering little gains in the previous session and trading around 98.50 during the European hours on Thursday.
EUR/USD steadies with all eyes on the ECB monetary policy decision
EUR/USD posts marginal losses on Thursday, trading near 1.1730 at the time of writing, after bouncing from lows near 1.1700 the previous day. The pair has found some balance halfway through the weekly range after whipsawing earlier in the week.
The S&P 500 is showing clear signs of pressure [Video]
The S&P 500 is showing clear signs of pressure, and the technical picture is starting to confirm it. The failure swings at the base of the trend channel remain a key signal for further weakness, reinforced by the Double Top formation around the 6921/6919 area.
EUR: ECB meeting takes center stage for FX – ING
Markets are focused on whether the European Central Bank’s (ECB) recent hawkish shift is confirmed by updated forecasts and rhetoric, with inflation projections the main risk and scope for a short-term dip in EUR/USD despite supportive year-end option dynamics, ING's FX analyst Chris Turner notes.
Steel Dynamics (STLD) rises as market takes a dip: Key facts
In the latest trading session, Steel Dynamics (STLD) closed at $172.74, marking a +2.13% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 1.16% for the day. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, lost 1.81%.
Sweden Riksbank Interest Rate Decision in line with forecasts (1.75%)
Sweden Riksbank Interest Rate Decision in line with forecasts (1.75%)
EUR holds near highs ahead of ECB decision – OCBC
Euro (EUR) consolidated near recent highs. Focus today on European Central Bank (ECB) decision. Policy rate is widely anticipated to be on hold but attention is on staff projection. Recent comments from ECB officials were somewhat more upbeat about economy – from growth to labor market.
EUR/JPY is testing 183.15 high ahead of central banks’ decisions
The Yen remains on its back foot on Thursday, despite market expectations that the BoJ will hike interest rates on Friday.
GBP: BoE set to cut as Sterling positioning stretches – ING
The Bank of England is widely expected to cut rates by 25bp today, with rising odds of a dovish vote split after weaker November inflation data. This points to near-term downside risks for sterling, ING's FX analyst Chris Turner notes.
Pound Sterling is broadly under pressure ahead of BoE rate decision
The Pound Sterling (GBP) trades lower against its major currency peers on Thursday ahead of the Bank of England’s (BoE) interest rate decision, which will be announced at 12:00 GMT.
EUR/CAD slips toward 1.6150 due to Oil supply concerns, ECB decision awaited
EUR/CAD pares its recent gains from the previous session, trading around 1.6160 during the European hours on Thursday. The currency cross weakens as the commodity-linked Canadian Dollar (CAD) strengthens on Oil supply concerns driven by rising geopolitical tensions.
BoE set to resume easing cycle, trimming interest rate to 3.75%
The Bank of England (BoE) will announce its last monetary policy decision of 2025 on Thursday at 12:00 GMT.
European Central Bank expected to hold interest rates, markets focus on projections
The European Central Bank (ECB) is holding its last two-day meeting of the year and will announce its monetary policy decision on Thursday.
USD/CAD Price Forecast: Sees fresh downside below 1.3720
The USD/CAD pair trades marginally lower around 1.3770 during the European trading session on Thursday.
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