by Christopher Nye | Mar 13, 2026
It was a strongly positive day for the US dollar as hopes for a rapid end to the “largest oil supply crisis ever”, according to the International Energy Agency, faded. With the euro weakening and Bank of Japan considering a move on interest rates, the US dollar is...
by Christopher Nye | Mar 13, 2026
The euro continues to be one of the biggest losers from the mining of the Straits of Hormuz and subsequent oil price rises, especially against the US dollar, which it has lost some 1.5% against since Tuesday and has reached its weakest since last summer. We’re getting...
by Christopher Nye | Mar 13, 2026
Sterling-euro remains an oasis of relative calm amid febrile and volatile global currency movements, while GBP/USD continues to fall. This morning’s GDP figure has certainly come as a disappointment for the government but joins a long line of data points that look...
by Charles Purdy | Mar 13, 2026
The British economy was failing to grow and firms had stopped hiring even before the new oil crisis had struck, according to data released by the Office for National Statistics this morning. GDP flatlined in January, showing 0% growth where 0.2% had been predicted....
by Jonathan Cook | Mar 12, 2026
With its safe-haven status in question, the US dollar is still drawing strong demand. Rapidly rising oil prices have certainly helped it gain relative to more energy exposed economies, including the eurozone and Britain. Since the start of the war, the US dollar has...
by Jonathan Cook | Mar 12, 2026
For the euro and the European Central Bank (ECB), the path for 2026 may hinge on the next few weeks. Should things resolve quickly, the ECB may be able to keep interest rates close to 2%. Should they spiral out of control, higher energy costs would likely result in...
by Jonathan Cook | Mar 12, 2026
Tomorrow morning’s economic growth report gives the pound a chance to grasp some good news. GDP is only expected to have expanded by 0.1% in January, but analysts have suggested there is a chance for overperformance given upbeat sector data. GBP/USD: the past year...
by Jonathan Cook | Mar 12, 2026
The largest release of oil reserves in history failed to calm currency markets on Wednesday. The safe-haven US dollar, supported by recent trends and stable inflation data, continued its upward trend, while the pound nudged up to its highest in over a month against...
by Jonathan Cook | Mar 11, 2026
Sterling begins Wednesday just under a cent stronger against the euro compared to this time last week. The pound has held up remarkably well, considering the threat of an oil crisis, conflict in the Middle East, along with the possibility all this could scupper the...
by Jonathan Cook | Mar 11, 2026
This afternoon’s inflation report could strike a particular chord amid the ongoing crisis. Core and headline consumer price inflation are expected to have registered at manageable annualised rates of 2.5% and 2.4% respectively in February. Anything higher might lead...
