President Trump has ditched the carrot in favour of the stick. The European Union and Mexico were in his firing line over the weekend, but currency markets are used to his antics by this point. Whether the president…
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European negotiators have taken a relaxed approach to trade talks. It now appears that strategy has backfired. Donald Trump’s 30% threat will add an added spice to ongoing discussions, but for the euro it also complicates the outlook…
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This week may prove decisive for the Bank of England’s next interest rate decision, scheduled for just under a month’s time. If a shrinking economy raises the odds of a cut, easing price pressures could make it a…
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Sterling opened Monday on the back foot following one of the clearest indications yet that the Bank of England could cut interest rates at its next meeting. Speaking to The Times, governor Andrew Bailey highlighted "slack" in the…
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Following a week of ups and downs, the dollar ended Thursday significantly up on the pound and euro. Climbing more than 0.5% on both currencies, the dollar more than reversed it losses on Wednesday.
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The euro had been down against the pound, but this morning’s GDP news is sending Europe’s currency climbing. While 0.5% down against the dollar, the euro has climbed 0.2% against the pound in the last hour.
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Following a surprise 0.1% contraction in GDP, the pound was down against the dollar and euro this morning. Analysts had predicted growth in May, so the slip – which is the second month in a row – harms…
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It was a strong day for the dollar on Thursday, growing more than 0.5% against the euro and the pound. Sterling was leading on the euro until this morning’s GDP figures revealed the UK economy shrank in May,…
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