Market insights

ECB unexpectedly hikes base rate - MI150923

The ECB decided to raise their base rate to 4% yesterday against expectations. This should have caused the Euro to rally against the Pound. However it had the opposite effect. This is most likely because it's almost nailed on that the Bank of England will follow suit next Thursday.

Today sees a key speech by the ECB President, Christine Lagarde, later in the morning which could cause further ripples in the GBP/EUR rate.

There's the Michigan consumer sentiment index out in the States later that could affect Dollar rates, but other than that a quiet weekend ahead before Rightmove house prices in the UK in the early hours of Monday.

Get your free quote now

Economic calendar

EUR: 10:45 ECB's Christine Lagarde Speech

US: 15:00 Michigan Consumer Sentiment Index

UK: Monday 00:01 Right House Price Index

As ever we look forward to looking after you and please keep an eye out for our next Insight.

Our friendly currency experts are always on hand to help you. We offer a first class service backed up by an easily accessible online platform to ensure you always have visibility of your transactions.

Our business ethos is based on bank beating and fantastic customer service. Click on the link above for a free, no obligation quote, and see for yourself how Regency FX can save you money.

Open a free account

It is free and easy