by Charles Purdy | Jun 6, 2025
A busy day on the currency markets yesterday saw the pound climb to a three-year high against the US dollar and the eurozone get a ninth interest rate cut in two years. At lunchtime the European Central Bank (ECB) cut rates by a quarter point to 2%, less than half...
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by Christopher Nye | Jun 5, 2025
It was an unequivocally negative day for USD, with the largest falls against the yen and Swiss franc and missing a new three-year low against the pound by only the smallest of margins. There’s not much on the wires today, but watch out for Non-Farm Payrolls tomorrow,...
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by Christopher Nye | Jun 5, 2025
A mixed day for the single currency too, with no clear pattern emerging from a mass of industrial data this week, ahead of the ECB rate decision today. We can expect a rate cut, the ninth in two years.
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by Christopher Nye | Jun 5, 2025
Sterling lost against almost all comers yesterday, the exception being the US dollar. It’s a fallow period for data from the UK, but we’ll get a reading for new car sales shortly and tomorrow it’s the turn of house prices, from the Halifax.
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by Charles Purdy | Jun 5, 2025
Sterling drifted upwards yesterday against the US dollar after some disappointing industrial results seemed to reflect growing business worries in the world’s biggest economy. GBP/USD came close – but no cigar – to breaking another three-year high. GBP/EUR drifted...
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