EUR: Single currency in retreat

After a pretty negative week for the single currency it has lost some 1-2% against major pairs including the pound and US dollar. The background is a depressing economic mood. It’s a quiet period for data but, with the geopolitical environment right now, economic news...


read more

GBP: Can sterling hold onto its gains?

Having gained sharply at the start of the week following the US intervention in Venezuela – against almost all currencies – sterling settled down over the course of the week. However, it remains close to a four-month high against the euro and US dollar. The data...


read more

USD: Where next for the dollar?

The currency markets don’t know quite where to turn in the new reality of the ‘Donroe Doctine’. Is the US threatening neighbours a risk or an opportunity? So, while there were gains they were quite modest for USD last week overall. Following a mixed result for...


read more

Venezuela and Greenland turn markets cautious

The first full week back has provided plenty of drama and a few bumps for the pound. A cautious mood in currency markets on Thursday saw the pound and euro trade blows but finish the day more or less where they began, although both would weaken against the US dollar....


read more

EUR: German factories signal growth

German factory output smashed past forecasts in November, taking the annualised rate of growth to over 10%. This will be music to the ears of the German government, which has now switched to the delivery phase of its aggressive stimulus programme. It also augurs well...


read more