GBP: Middling day for the pound

by | May 29, 2025

With no major data releases published on Wednesday, the pound slipped behind the dollar by 0.3%, but gained 0.2% on the euro. UK Chancellor Rachel Reeves announced the formation of pension megafunds that will be directed to invest in local schemes and drive national...


read more

Dollar gains as courts rule against Trump tariffs

by | May 29, 2025

After moving in lockstep on Tuesday, the pound and euro separated with GBP gaining 0.2% on the EUR. However, it was another day of gains for the dollar, which climbed nearly 0.3% on the pound and over 0.5% on the euro. UK Chancellor Rachel Reeves has revealed plans to...


read more

UK warned to protect itself from economic shocks

UK warned to protect itself from economic shocks

by | May 28, 2025

While the pound is up on the dollar compared to this time last week, Tuesday saw the US currency begin its catch up in earnest. The news comes as the IMF gives Rachel Reeves a warning. Traders have been worried that US President Trump could reinstitute his 50% tariffs...


read more

USD: US traders hope for EU trade deal

by | May 28, 2025

The US stock markets surged on Tuesday as US President Donald Trump hinted at progress towards a trade deal with the EU. Over the course of the day, the dollar climbed 0.6% on the pound and euro. Though, with GDP growth data due on Thursday, numbers which will reveal...


read more