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ECB set to raise rates again

ECB set to raise rates again

Loading the Elevenlabs Text to Speech AudioNative Player… Frankfurt has the floor today. The euro edged higher against the dollar yesterday and went nowhere much against the pound, with few people willing to take a firm view before the European Central Bank...
Oil nears $100 as central banks face inflation test

Oil nears $100 as central banks face inflation test

Loading the Elevenlabs Text to Speech AudioNative Player… Oil is once again setting the agenda for currency markets. Brent crude pushed towards $100 a barrel this morning as the conflict with Iran kept supplies under pressure and left central bankers facing...
Chancellor sets red lines for upcoming Budget

Chancellor sets red lines for upcoming Budget

John Healey yesterday stressed the UK had to ‘be honest’ about its level of public spending as the government prepares for a crucial autumn Budget (28 October). The chancellor will attempt to strike a balance between facilitating consumer support on cost-of-living...
Pound’s rivals lifted by inflation

Pound’s rivals lifted by inflation

Loading the Elevenlabs Text to Speech AudioNative Player… Sterling opens the new week close to its weakest in a month against the euro as the threat of high inflation continued to dominate proceedings. We’ll have to wait until next week to hear the latest...
Panic eases but sterling still on a knife edge

Panic eases but sterling still on a knife edge

The post-summer bond panic finally eased on Thursday, giving sterling space to stabilise against the euro and the US dollar after a tricky week. After UK borrowing costs hit their highest level since 1998, the pound slid and there were fears that October’s autumn...
Oil corners three central banks

Oil corners three central banks

The pound has spent this week slipping against the US dollar and going nowhere against the euro. It is at its weakest against the dollar since the middle of August. Neither move has a great deal to do with Britain or with Europe. The story is in the Gulf, again....
Autumn’s currency risks increase

Autumn’s currency risks increase

On Andy Burnham’s first day in parliament as Prime Minister he was reminded by the Leader of the Opposition that the job isn’t as easy as it may look from the outside. Sure enough, he was welcomed by debt costs surging to their highest since 1998 as investors demanded...
Hawkish Fed props up US dollar

Hawkish Fed props up US dollar

Sterling and the euro enter September slightly weaker against the US dollar after a hawkish speech by the Federal Reserve’s Kevin Warsh ahead of the bank holiday weekend. A relatively light economic schedule this week suggests a gentle start to autumn. However, with...
Sterling looks to end summer on a high

Sterling looks to end summer on a high

The pound has battled through a challenging summer that has featured a new prime minister, speculation around interest rates and lingering concerns that the war in the Middle East would spill over into a prolonged period of high inflation. In the main, it has emerged...
Pound falls as Budget scrutiny sharpens

Pound falls as Budget scrutiny sharpens

Sterling fell back against the US dollar and the euro on Wednesday as renewed speculation ahead of October’s autumn Budget collided with the challenging fiscal picture. John Healey’s first Budget as chancellor is set to arrive amid serious fears that inflation could...