by Christopher Nye | Jun 20, 2025
After three weeks of solid losses amounting to around 2% against the euro, there was something of a dead cat bounce yesterday. Sterling in fact recovered across the board yesterday, but that may not last long given parlous retail sales data just released. The...
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by Charles Purdy | Jun 20, 2025
Sterling was on the rise yesterday after the Bank of England (BoE) held interest rates and President Trump backed away from any immediate involvement in the Israel-Iran conflict. The pound strengthened against just about all currencies yesterday, but that has all been...
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by Jonathan Cook | Jun 19, 2025
New housing starts fell to their lowest level in five years in May, as the impact of tariffs continued to weigh on large projects. The US dollar is currently benefiting from safe-haven demand, yet it can add the risk of weakening economic fundamentals to its worry...
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by Jonathan Cook | Jun 19, 2025
Without much economic data to analyse, the euro has been happy to play the part of spectator in recent days, benefitting from the spotlight focusing elsewhere. That could change next week upon the release of crucial manufacturing data, but for now no news is good...
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by Jonathan Cook | Jun 19, 2025
Currency markets think the BoE will leave interest rates unchanged until September. Sterling would benefit from a period of certainty given its recent struggles. Don’t put all your eggs into this basket, though. Currency markets are often simply wrong, and “Black...
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