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Pound makes hay while it rains for the US and EU

Pound makes hay while it rains for the US and EU

It’s been a good week for the pound despite the UK government’s chaotic cabinet reshuffle over the weekend. Sterling gained more than 0.65% on the euro and a chunky 1.2% on the dollar, meaning your pounds will go that bit further overseas. However, these gains may be...


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USD: Significant job downgrade sees dollar firm up

The dollar gained 0.25% on the pound on Tuesday and 0.5% on the euro. This is despite new labour data suggesting the US opened 900,000 fewer jobs last year than previously thought. While bad for the job market, the data puts fresh pressure on the Federal Reserve to...


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GBP: More calls for tax rises

The pound fell behind the dollar on Tuesday, losing 0.25% in exchanges, but it gained 0.25% on the euro. There is a growing call from all sides for Chancellor Rachel Reeves to break from her fiscal rules, with the chair of the CBI pushing for tax rises on individuals....


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