by Jonathan Cook | Dec 15, 2025
The pound begins Monday at a two-week low against the euro after weakening by roughly half a cent on Friday. Part of that was a reaction to economic fragility (the UK economy shrank by 0.1% in October), but that wasn’t the full story. The bigger factor was that the...
by Jonathan Cook | Dec 15, 2025
The big talking point for the US dollar has been the labour market. Unemployment hit a four-year high in September and is projected to have surged higher still in October. With a busy schedule of data tomorrow afternoon, you can expect the US dollar to move quickly....
by Jonathan Cook | Dec 15, 2025
2025 has been a strong year for the euro. Significant gains over the pound and the euro have been facilitated by economic resilience and a stable monetary policy outlook. Next year might bring a change on that front, although there seems to be more chance of rate...
by Jonathan Cook | Dec 15, 2025
Economic growth has taken on an almost mythical quality in the last few months. Going back to July, monthly output reads: -0.1%, -0.1%, 0%, and -0.1%. The pound fell ahead of the expected rate cut and a better end to the year is required if the economy is to escape a...
by Jonathan Cook | Dec 15, 2025
A 0.1% contraction for the UK economy in October sent the pound lower by roughly half a cent against its key rivals, beginning Monday at a two-week low against both the euro and the US dollar. Part of that was a reaction to economic fragility. The bigger factor was...
by Christopher Nye | Dec 12, 2025
An interest rate cut from the US Federal Reserve and doveish comments from its chairman did for the dollar yesterday, with losses across the board. Several other Fed policymakers will be commenting today, and on Tuesday we’ll hear Non-Farm Payrolls. USD/GBP past year...
by Christopher Nye | Dec 12, 2025
With the exception of the Swiss franc and Swedish krona it’s been a good week for the euro, with close to a 1% gain on the dollar. The main prompt appears to be the potential for an increase in interest rates in 2026, while the UK and USA continue cutting. GBP/EUR...
by Christopher Nye | Dec 12, 2025
The expected rise in GDP didn’t happen in October and the pound has weakened in response this morning, as the data is cueing up an interest rate cut on Thursday. Ahead of that, on Tuesday we’ll hear employment and earnings and on Wednesday inflation. GBP/USD past year...
by Charles Purdy | Dec 12, 2025
It was all downhill for the dollar yesterday as the markets considered that the only way is down for US interest rates. This belief was supported by a bump in initial claims for unemployment benefits, with 236,000 new claimants. In the UK we have just had the Gross...
by Jonathan Cook | Dec 11, 2025
The Fed’s final meeting of the year has been setting the direction for the US dollar for weeks. After a long period of holds, interest rates have been slashed by 75 basis points (or 0.75%) since September. Politics aside, many experts think 2026 will give policymakers...
