Any significant volatility will come from the ECB’s forward guidance, with big question marks over further cuts in October and December.

The odds of a 50-bps rate cut on September 18th have risen. Uncertainty is the market’s worst nightmare; whatever the decision is, we will see serious volatility.

The golden rule here is never send money to anyone you meet online, whether through a direct transfer or via a “trading” website.

Recent developments have forced the USD lower as a September rate cut looks certain, but will the cut be 25bps or 50? And will Powell’s speech shed any light?

Today’s surprise data put paid to the dollar’s fall, with retail sales up 1% vs 0.3% expected – the biggest increase since January 2023.