by Jonathan Cook | Jan 28, 2026
After weeks of chaos to begin 2026, the pound settled into something almost resembling calm yesterday. The pound to euro rate has ranged by a little under half a cent since Monday as the threat of American tariffs on Europe receded. In the UK, Sir Keir Starmer’s...
by Jonathan Cook | Jan 28, 2026
Alongside the trade war and the Fed’s decision, the US dollar is also suffering from the risk of a government shutdown by the end of this week. Democrats and Republicans are currently negotiating over a politically charged funding bill that contains funding for...
by Jonathan Cook | Jan 28, 2026
The euro was little moved against the pound on Tuesday. Thanks to a light schedule of economic data and some cautious commentary from the European Central Bank (ECB), there was little pricing impetus for the euro to move up or down. The ECB’s Martin Kocher said...
by Jonathan Cook | Jan 28, 2026
Like many of the world’s major currencies, sterling has made significant ground at the US dollar’s expense this week. Since Monday, the pound has strengthened by a cent and a half and has added almost four cents since Thursday lunchtime. GBP/USD: the past year...
by Jonathan Cook | Jan 28, 2026
Sterling continued to march higher against the US dollar on Tuesday, adding almost a full cent across yesterday’s trading and briefly touching its strongest level since the end of 2021. For the US dollar, renewed fears around trade tensions have cemented the negative...
by Jonathan Cook | Jan 27, 2026
Speculation that the US and Japan had teamed up to support the (until recently) struggling Japanese yen knocked the US dollar down again on Monday. The dollar index – which tracks its performance against a basket of rival currencies – fell to a four-month low....
by Jonathan Cook | Jan 27, 2026
In an otherwise quiet week, Friday’s preliminary gross domestic product figures for the final months of 2025 could be a major catalyst for the euro. Experts are predicting a particularly strong performance from Germany, even if the bloc’s headline growth figure might...
by Jonathan Cook | Jan 27, 2026
Sir Keir Starmer’s high-wire decision to block Andy Burnham’s return to Westminster had no immediate impact on the pound or borrowing costs on Monday. That will come as a relief to weary investors, yet it may only delay the disruption until May’s local government...
by Jonathan Cook | Jan 27, 2026
The US dollar sank to its lowest ebb in four months yesterday and its weakest since July against the pound. After the Greenland saga brought about its worst week since May, the US dollar continued to struggle even as other traditional safe-haven assets – including...
by Charles Purdy | Jan 26, 2026
The pound went into the weekend with a bit more spring in its step as a run of UK data nudged interest rate cuts further into 2026. Two potential threats to sterling’s stability have also been neutralised for now after President Trump TACOed* as usual on Greenland...
