The euro lost out on Tuesday, falling 0.5% against the dollar and 0.25% against the pound. Those climbs could be driven by traders moving to anticipate a US interest rate hold, and the impact of Trump’s proposed 30%…
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Tuesday saw the pound climb on 0.25% on the euro but lag a similar amount behind the dollar. Hopes for an August interest rate cut were slashed this morning by an unexpected rise in inflation.
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Yesterday brought the news that US inflation jumped by 0.3% in June, a sign that the cost of President Donald Trump’s trade tariffs may be starting to flow down to consumers. The rise led to a strong day…
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The dollar walked the middle road on Monday, climbing 0.1% on the pound but falling more than 0.2% against the euro. Today sees fresh inflation data, which predicted to show a small rise. Inflation rises help Fed Chair…
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The euro gained on both the dollar and pound on Monday, driven by Trump’s plan to impose a 30% trade tariff on the EU. While European stock markets fell, it seems traders sought safety in hard currency, pushing…
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The pound sank to a three-week low on Monday, as Bank of England Governor Andrew Bailey revealed the two data points that would impact the pending interest rate decision: jobs and inflation. Figures for both are being published…
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The pound fell to a three-week low on Monday, losing 0.17% against the dollar and twice that against the euro. Meanwhile, following the news that US President Donald Trump plans to implement a 30% tariff on EU imports,…
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Sterling lost another cent to the euro last week after more disappointing growth figures showed the UK economy shrank for the second month on the spin. Just five weeks ago, the pound was nearly five cents stronger against…
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