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...
by Jonathan Cook | Dec 11, 2025
Christine Lagarde dropped a strong hint that the European Central Bank (ECB) would soon upgrade its 2025 full-year GDP forecasts for the second time in three months. The ECB noted that the eurozone had navigated the trade war better than expected, with currency...
by Jonathan Cook | Dec 11, 2025
Sterling doesn’t have anywhere to hide after last night’s decision in Washington. In fact, it has its own interest rate decision to navigate a week from today. That comes after a busy run of economic releases that begins with a crucial GDP report bright and early...
by Jonathan Cook | Dec 11, 2025
At its last meeting of 2025, the Federal Reserve voted to cut interest rates by a quarter point (0.25%). That decision put to bed weeks of frenzied speculation from across global markets and came with enough of a dovish slant to send the US dollar down by about half a...
by Charles Purdy | Dec 10, 2025
Some of the froth came off the pound’s recent gains yesterday, but it’s still clinging on to a position close to a six-week high against the euro. The background to exchange rate movements right now is interest rates and some volatility can be expected. The US Federal...
by Christopher Nye | Dec 10, 2025
Positive data on job openings yesterday failed to impress the currency markets – or at least, not as much as they were concerned at the interest rate cut expected today. We’ll get that decision at 7pm UK time.
by Christopher Nye | Dec 10, 2025
There was no coherent picture for the single currency yesterday, as it headed in wildly different directions – a 0.75% gain on the yen and smaller gains on GBP, USD and NOK but in the red against AUD and others. Christine Lagarde will be talking shortly, but will...
by Christopher Nye | Dec 10, 2025
The froth came off the pound’s recent gains yesterday, with roughly 0.5% losses against the Aussie dollar but rather less against the US dollar and euro. The data picture picks up over the week, all leading up to the BoE’s decision a week tomorrow, so expect...
by Charles Purdy | Dec 10, 2025
We’re in interest rate season and the US Federal Reserve goes today, with a 25-basis point cut widely expected. Any deviation from that is likely to hit the dollar one way or another. It follows a stonking US employment report yesterday, with 430,000 new jobs added....
by Jonathan Cook | Dec 9, 2025
Monday began on a more cautious note than last time out, as is typically the case before a bid Federal Reserve decision. Slowness out the gate was a welcome help for the US dollar and allowed it to record marginal daily advances over both the pound and the euro....
