by Christopher Nye | Aug 15, 2025
It was a sea of red for the single currency yesterday, with losses of 0.25% against the pound and twice that amount against the dollar. It’s a quiet period for European data, with nothing on the horizon until the Purchasing Managers’ Index (PMI) next Thursday. EUR/USD...
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by Christopher Nye | Aug 15, 2025
The pound had a positive morning, boosted by the GDP figure, but the resurgent dollar sent it southwards in the afternoon session. Coming up next, nothing much until the inflation figure on Wednesday. However, that could be highly influential if price rises continue...
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by Jonathan Cook | Aug 14, 2025
It’s unlike US dollar markets to take a data point and run with it. Please excuse our cynicism, but this is something we’ve seen on an almost weekly basis this year. Yes, headline inflation is largely under control. Yet core inflation rose again, and it is far from a...
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by Jonathan Cook | Aug 14, 2025
It’s not just the pound that has benefitted from US dollar weakness. The euro reached a three-week high yesterday but continued to struggle against the pound. The giant chasm between the Bank and the European Central Bank’s policy rates seems to be making a difference...
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by Jonathan Cook | Aug 14, 2025
Before this morning’s growth data crossed the ticker, sterling had been supported by signs that another wave of inflation was taking hold. Of course, the labour market is the other part of the Bank of England’s dual mandate, so you can expect some bumpiness for the...
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