by Christopher Nye | Apr 26, 2024
It was (almost) all downhill for the dollar this week, as hopes for an early interest rate cut and economic soft landing ahead of the election dissipated. There will be more income and spending data coming out this afternoon. USD/EUR past year 1 Min 5 Min 1 Hr 1 Day 1...
by Christopher Nye | Apr 26, 2024
A good day against the US dollar and yen were the high spots in a week where the EUR/USD has gained 0.8%. There’s a lot of lower level data coming in today, but on Monday matters liven up with Spanish and German inflation levels and then GDP on Tuesday. EUR/USD past...
by Christopher Nye | Apr 26, 2024
Sterling gained as much as 0.5% against major rivals yesterday, taking the week’s gains on USD to 0.6% but approaching the end of the week marginally down on EUR. Overnight we have had GfK Consumer Confidence, which showed an improving picture, rising to -19, but...
by Charles Purdy | Apr 26, 2024
Sterling continued its upwards trajectory yesterday, powered against the US dollar by a surprise for US Gross Domestic Product (GDP). America’s economy grew by an annualised 1.6% in the first quarter of 2024, nearly halving from Q4 of 2023 and its worst since early...
by Roseanne Bradley | Apr 25, 2024
While the pound remains largely unchanged against its major rivals, all eyes are on the euro-to-US dollar rate, which met fresh demand this morning, gaining close to 0.4%. The focus for the pairing remains on key US data. New orders for manufactured goods in the US...
by Roseanne Bradley | Apr 25, 2024
Tomorrow, US dollar investors will have their eyes set on key economic releases, including the Core PCE price index, which is forecast to remain at 0.3%, as well as personal spending and income figures. USD/EUR the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
by Roseanne Bradley | Apr 25, 2024
The euro soared to a position not seen since April 12 against the US dollar this morning as demand in the early European session supported the euro. Despite these gains, EUR/USD is over 1% lower than last month. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
by Roseanne Bradley | Apr 25, 2024
UK car production declined 27.1% in March, breaking the six-month consecutive monthly growth streak. This comes as manufacturers adjust for the next generation of cars, which are mainly electric. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
by Charles Purdy | Apr 24, 2024
Sterling swept upwards yesterday after crashing to its lowest level against the euro since the start of 2024 and against the US dollar since even further back. The reason for the movement is senior Bank of England interest rate setters talking in public. Their...
by Jonathan Cook | Apr 24, 2024
Preliminary (or flash, to use economic parlance) composite PMI data for the US came in below expectations at 50.9 in April, well below March’s 52.1. The US dollar tumbled in the aftermath, but it may take some time to gauge if the shift to weaker growth is transitory...
