by Christopher Nye | Jun 12, 2026
This morning’s news that the UK economy shrunk in April by 0.1% had been predicted by the market but will nevertheless have disappointed an already beleaguered Chancellor of the Exchequer after last month’s surprise expansion. Yesterday’s resignation by both the...
by Ryan Morrison | Jun 11, 2026
Sterling has spent the week holding its ground, firm against the euro and steady against the dollar, and on a morning like this that is the surprising part. When the pound sits still while everything around it lurches, it usually means the market is looking past it at...
by Jonathan Cook | Jun 10, 2026
Sterling starts Wednesday within a whisker of its strongest level against the euro since last summer. After a tricky end to last week, the pound gained almost half a cent at the euro’s expense yesterday and also recorded an advance over the US dollar, partly due to...
by Jonathan Cook | Jun 9, 2026
Sterling endured a rocky start to the week yesterday thanks to some choppy movements in currency markets, where the mood spun from risk-averse to risk-on in the space of just a few hours. Friday’s jitters looked set to spread across the financial system until Israel...
by Christopher Nye | Jun 8, 2026
Last week’s big event fell late on Friday with a stonking result for Non-Farm Payrolls in the USA, far ahead of expectations and strongly supporting a call for interest rate rises from the Fed this year. Higher rates normally help a currency, but if traders think...
by Charles Purdy | Jun 5, 2026
It’s been another week of the pound trying to break above the narrow band it’s been in for nearly a year but being dragged back. Even so, GBP/USD remains well above the four-month lows it touched in April when the Iran war looked like it might spiral further out of...
by Ryan Morrison | Jun 4, 2026
The pound has drifted into the back half of the week, a little softer against a strong dollar and barely moving against the euro. That stillness is deceptive. The real story this week is not where the currencies are sitting but what is about to happen to them. Three...
by Jonathan Cook | Jun 3, 2026
Sterling begins Wednesday having modestly strengthened against the euro and the US dollar since the start of the week. The pound’s performance would have been more positive had it not been for another round of confrontation between the United States and Iran...
by Jonathan Cook | Jun 2, 2026
The US dollar opened the week with a strong showing, helped first by another stumbling block to peace in the Middle East before it was given a further boost by some strong data from the American manufacturing segment. Sterling struggled to replicate its success over...
by Christopher Nye | Jun 1, 2026
The calm continues for sterling, as the weekend papers continued to dwell on Labour’s failings in the calm before the Makerfield by-election, and with the fragile ceasefire still holding in the Persian Gulf. Over the past month, although there were some fairly sharp...
