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...
by Jonathan Cook | Apr 24, 2024
An increase to German PMI would usually be greeted warmly. However, having dug deeper into the data, there was a sense that economic conditions in Europe’s economy were getting worse, not better. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
by Jonathan Cook | Apr 24, 2024
The UK government borrowed more last month and over the course of the last year than had been expected. UK borrowing over 2023/24 was £6.6bn more than the Office for Budegtary Responsibility (OBR) forecast, a bad sign for the nation’s finances and an even worse one...
by Jonathan Cook | Apr 24, 2024
Sterling ended a losing streak to climb by half a cent against the euro and almost a cent against the US dollar. Bank of England (BoE) rate setters used a pair of speeches to try to supress expectations of imminent cuts on Tuesday. The pound recovered some of its...
by Jonathan Cook | Apr 23, 2024
After months of tussle on Capitol Hill, the US Congress finally passed a bill that will grant more than $60bn in aid to Ukraine. The long-awaited funding is not expected to turn the tide of the war, but it will at least provide relief to Ukraine’s depleted military...
