by Jonathan Cook | Aug 11, 2025
The pound strengthened by over a cent against the euro after last week’s interest rate cut from the Bank of England. The Bank decided on a 0.25% cut (taking the headline figure from 4.25% to 4%), although this was only after an unprecedented second vote once the first...
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by Jonathan Cook | Aug 11, 2025
It feels very much as though currency markets are waiting for the US dollar’s next misstep. The jobs fiasco has undermined already wobbly confidence and the US dollar will likely come under pressure alongside the number of high profile reports due out before the end...
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by Jonathan Cook | Aug 11, 2025
Euro sellers will be glad to see that the single currency has done well even amid a patch of negative headlines. The euro shed only a little value to the pound last week and strengthened by almost a cent against the US dollar, despite continued recriminations over the...
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by Jonathan Cook | Aug 11, 2025
The pound drew strength from a divided Bank of England to end last week, as well as increased uncertainty around the pace of future cuts. This week will no doubt test that rally. A key GDP report has the power to make or break sterling’s performance, while rising...
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by Jonathan Cook | Aug 11, 2025
Sterling finished last week strong, gaining around a cent against the US dollar and the euro across Thursday and Friday. Much of this momentum stemmed from a notably divided interest rate decision from the Bank of England, which highlighted “genuine uncertainty”...
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