The euro rallied against its major peers on Thursday afternoon, after a hawkish press conference from European Central Bank President Christine Lagarde opened the door to higher interest rates in the common bloc at some point in 2022.

The Bank of England raised interest rates for the second time in as many months on Thursday, while suggesting that it may be prepared to continue tightening policy in an aggressive manner at upcoming MPC meetings.

Thursday will be a particularly eventful day in financial markets, with both the Bank of England and European Central Bank set to announce their latest policy decisions.

The Bank of England looks on course to raise interest rates for the second time in as many months on Thursday, as it continues its battle to rein in four decade high UK inflation.

Like many of its global peers, the European Central Bank faces stubbornly high inflation. In contrast to many of them, the central bank has, so far, taken only limited steps towards exiting its ultra-loose policy. Is a shift towards higher rates about to get quicker?

The euro continued to rebound against the US dollar on Tuesday as investors traded on suspicions we’ve had for a while – that the market has been underestimating the chances of higher interest rates from the European Central Bank in 2022.

As we move into 2022, here’s a summary of current fraud trends, what we learned in 2021 and what to look out for in 2022 to keep yourself and your money safe.

The US dollar rallied against most currencies last week after a hawkish policy announcement from the Federal Reserve.

The US dollar broke to its strongest position against its major peers so far in 2022 on Wednesday evening, after the FOMC delivered a hawkish message following its January meeting.