The dollar was a hair behind the pound and just ahead of the euro at close of Tuesday, despite Trump’s attempt to fire Federal Reserve governor Lisa Cook. The market quickly recovered from an initial drop.
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The euro was slightly behind the pound and the dollar on Tuesday, though only marginally. French Prime Minister François Bayrou called a snap confidence vote in his minority government, which could threaten a collapse.
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The pound was slightly ahead of the dollar and euro on Tuesday, despite multiple major UK high street brands seeing rating downgrades. Today’s raising of the energy price cap also puts pressure on sterling.
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Despite the initial upheaval caused by US President Donald Trump trying to fire one of the independent Federal Reserve’s governors, the markets settled over Tuesday. The pound ended almost exactly where it started the day against the dollar…
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Federal Reserve chair Jerome Powell gave his strongest indication yet that US interest rates will soon fall when he spoke at the Fed’s annual meeting in Jackson Hole. Powell described risks “shifting” and that the complex economics might…
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Another rise in headline inflation was almost cancelled out by stronger sector data and an improved business outlook, but can currency markets trust the data they’re getting from the ONS? There is real anxiety here, because losing accurate,…
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Germany’s economic struggles are a cause for concern for anyone selling euros. Economic growth in the second quarter of the year was revised down at the second estimate. While the euro has had a strong summer, it will…
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As has been the case for some time, the biggest influence on the US dollar is the Federal Reserve. Usually, this comes in ever-changing rate expectations. But yesterday President Trump fired Lisa Cook, a governor of the Federal…
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