by Christopher Nye | Jan 30, 2026
The dollar’s tone stayed fragile. The Fed is signalling patience, but the market is struggling with the idea that the economy can stay strong while consumers turn sharply gloomier. That tension tends to show up first in currency moves, because they’re a quick proxy...
by Christopher Nye | Jan 30, 2026
Despite all the smiling faces in New Delhi this week as the trade deal was signed, the euro fell against most pairs this week. Maybe that was mainly due to their strength rather than the euro’s weakness, as many of the economic signs continue to point towards economic...
by Christopher Nye | Jan 30, 2026
Unless you’re buying US dollars or euros this has been a week to forget, as the pound slipped against the commodity backed currencies. The economic signs have not been good for sterling lately and it’s still being supported by the overall negative of high inflation...
by Charles Purdy | Jan 30, 2026
Sterling maintained its position at close to a six-month high against the euro and a 4½ year high on the US dollar. Sterling maintained its position at close to a six-month high against the euro and a 4½ year high on the US dollar. However, it was knocked off the...
by Ryan Morrison | Jan 29, 2026
The Federal Reserve has done the thing markets expected, and then somehow still made everyone nervous. Policymakers held interest rates steady overnight, after a run of cuts late last year. The message was basically: we’re not in a hurry. That steadiness would...
by Ryan Morrison | Jan 29, 2026
Sterling has continued to look steady, helped along by a softer tone in the US dollar after the Fed decision. The pound’s move hasn’t been about a sudden burst of UK optimism as much as a lack of fresh UK negatives at the wrong moment. At home, the government’s push...
by Ryan Morrison | Jan 29, 2026
The euro has had a constructive backdrop from the landmark EU–India trade deal, which is the kind of strategic signal markets like to see as Europe tries to reduce its reliance on single partners. The euro was little moved against the pound on Tuesday. Thanks to a...
by Ryan Morrison | Jan 29, 2026
Alongside the trade war and the Fed’s decision to hold rates steady, 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...
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...
