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…
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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…
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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.…
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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…
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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,…
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The British economy expanded by 0.3% in the second quarter of 2025, comfortably exceeding the forecast 0.1% growth in output. That figure is well down on the 0.7% posted in the first three months of the year, but…
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Since the Bank of England cut interest rates last week, the pound has been making small but steady gains against both the dollar and the euro. The pound is up more than 1.6% against the dollar and 0.6%…
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The dollar dropped against most currencies on Tuesday, seeing more than 0.5% losses against both the pound and euro. New data showing level inflation in July increases pressure on the Fed to cut interest rates, and traders are…
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