by Jonathan Cook | Apr 28, 2026
The Federal Reserve’s decision is just part of the significant events that could impact the US dollar this week. The war in the Middle East tops that list, but the Core PCE price index, GDP and durable goods orders mean the dollar could be pulled this way and that...
by Jonathan Cook | Apr 28, 2026
Even though headline inflation jumped last month, core inflation (which crucially removes fuel from the calculation) actually came down. Economists think this should be the European Central Bank the time to announce a hold on Thursday and revisit the issue at its June...
by Jonathan Cook | Apr 28, 2026
The UK’s economic momentum has helped to support it in recent days, as PMI data GDP pointed to a better initial response to the energy crisis than expected. However, that isn’t the sole factor supporting the pound. Currency markets are pricing in a more hawkish Bank...
by Jonathan Cook | Apr 28, 2026
The pound ended Monday close to its best level since the end of March against the US dollar and the euro, despite widespread uncertainty over the energy crisis and its impact on the economy. Iran did strike a more constructive tone over the vital Strait of Hormuz, but...
by Jonathan Cook | Apr 27, 2026
Sterling begins a crucial week close to its strongest in a month against the euro. The Bank of England must make another interest rate decision on Thursday (30 April) and, after some economic data that pointed in opposing directions, the vote looks to be on a knife...
by Jonathan Cook | Apr 27, 2026
The US dollar ended last week on the back foot thanks to a slighter brighter geopolitical mood and weak consumer data. Although the University of Michigan’s consumer sentiment study was revised up slightly, April’s score still came in at its lowest ever reading....
by Jonathan Cook | Apr 27, 2026
Based on recent comments by ECB policy voters, Thursday’s decision might come a little too soon for a potential hike. The pervasive sense at the moment is one of uncertainty, true for both currency markets and economists. The door remains very much open to a shock,...
by Jonathan Cook | Apr 27, 2026
Inflation aside, last week’s economic reports were broadly positive for the UK economy. The problem is that inflation will be top of the Bank of England’s mind come Thursday. Sterling faces a high-wire act in sustaining its current strength. GBP/USD: the past year...
by Jonathan Cook | Apr 27, 2026
Sterling faces its most significant recent threat when the Bank of England meets on Thursday lunchtime. Andrew Bailey and co struck an unexpectedly hawkish tone at the March meeting, making this decision very much a choice between a hold or a hike. Adding to the...
by Ryan Morrison | Apr 24, 2026
This week’s big data test has now landed and the picture is much sharper than most had expected. The latest flash purchasing managers’ index (PMI) readings – the monthly surveys that track how businesses are feeling in real time – told three very different...
