Another good day for the dollar, with modest gains almost all round, with the Chinese yuan being the exception. Coming up this afternoon, UDS Durable Goods Orders, with a major decline expected.
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The single currency had a quiet day as the European Central Bank, as expected, held interest rates steady – albeit at less than half the rate of the UK and USA. We’ve got the Ifo Business Climate reading…
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The pound weakened across the board yesterday, with the largest falls against the US dollar and Chinese yuan. After the blizzard of recent data things calm down next week, although there is some mortgage data midweek and house…
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Sterling has weakened again in the past 24 hours, buffeted by a daily assault of negative data on the UK economy. The pound weakened to a fresh low against the euro, its worst again since November 2023. But…
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It was a slightly strange sight to see the US dollar fall in the wake of what was a really significant trade deal. The dollar would soon fight back against the euro, but currency markets certainly need more…
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Trade and interest rates were the main causes of a subdued Wednesday for the euro. The issue is there hasn’t been much clarity on either. That should soon change, although for now it’s hard to predict both the…
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Sterling regained some momentum yesterday, but the focus now shifts to what feels a key pair of reports. This morning’s manufacturing and services industry data for July – coming courtesy of S&P – should shed some light on…
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Sterling enjoyed a positive Wednesday, posting daily gains over both the euro and the US dollar despite the galvanising impact the US-Japan trade deal had on American markets. Meanwhile, rumours of progress in trade talks between the European…
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