Sterling weakened by over a cent against the US dollar and the euro over the course of last week, with events coming to a head on a remarkable day of drama in financial markets and Westminster.
Read more
›
America’s Independence Day meant markets were closed to end the week across the Atlantic. But Republicans were able to finally celebrate the passing of the massive One Big, Beautiful Bill act. History and the US dollar may be…
Read more
›
It was a quiet day for the dollar yesterday as Trump celebrated passing the tax and spending bill that was the cause of his falling out with Elon Musk. There’s no data today due to Independence Day, but…
Read more
›
It was a quiet day for the euro with a small loss against sterling and the USD but gains on some of the other safe havens such as the yen and Swiss franc. There’s not a great deal…
Read more
›
It was good news for sterling yesterday with gains across the board. Don’t take too much comfort from this, however, as it was only a modest bounce back from Wednesday’s losses. The biggest event on the horizon is…
Read more
›
Sterling recovered some of its losses yesterday as, much to the surprise of some, the British chancellor Rachel Reeves remained as chancellor. The pound gained close to half a cent on both the euro and US dollar. GBP/USD…
Read more
›
Donald Trump’s “Big, Beautiful Bill” has cleared a major hurdle in the Senate (with the help of the vice president’s tiebreaking vote), but it now must navigate a perilous path in the House of Representatives. The Republicans have…
Read more
›
The euro ended Wednesday at its highest level over the pound since early April, when Donald Trump’s tariff regime caused a similar stir to that in Westminster yesterday. Things are also going well for EUR/USD, which has strengthened…
Read more
›
