S3E6: Is the euro safe after Lagarde's hawkish turn? Artwork

FX Talk - an Ebury podcast

The euro goes up, the dollar goes down, and China devalues the yuan. But what's behind these currency fluctuations? This forex podcast is all about the global currency market. Our three financial market analysts, who are also top Bloomberg forecasters, discuss macro-economic news and its effect on the global financial market - providing you with insights to make informed decisions. *The information contained in this podcast does not constitute a recommendation from any Ebury entity to the recipient.

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FX Talk - an Ebury podcast

S3E6: Is the euro safe after Lagarde's hawkish turn?

February 09, 2022 • Ebury FX Talk • Season 3 • Episode 6

Last week was a very eventful one of central bank announcements, with the Bank of England also holding its February monetary policy meeting on Thursday. As expected, interest rates were raised by a quarter of a percent to 0.5%, the first back to back rate increase in the UK since 2004, after rates were of course raised by 10 basis points back in December.

The euro has been one of the best performing G10 currencies in the past seven days, alongside the Swedish krona. The common currency rallied by more than one percent versus the US dollar last Thursday to back above the 1.14 level after ECB President Christine Lagarde struck a hawkish tone during the bank’s press conference.

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