Yesterday, both the Governor of the Bank of England and the chair of the US Federal Reserve warned there is no way to predict what is coming in the year ahead. There are just two weeks until the…
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The dollar dropped against the pound and euro on Tuesday as traders moved their money out of the safe haven currency. Though, Fed Chair Jerome Powell still warns of uncertainty surrounded the end of US President Donald Trump’s…
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The pound gained on both the dollar and euro on Tuesday as Iran and Israel brokered a fragile ceasefire. Despite these short-term gains, however, Bank Governor Andrew Bailey warns of “unpredictable” future for the UK economy.
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The euro gained slightly from the dollar’s decline on Tuesday, with traders moving their money in European stocks. However, even with positive business sentiment coming out of Germany, it lagged behind the pound.
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Last week, it was the Federal Reserve’s Christopher Waller flying the flag for an interest rate cut in July. On Monday, fellow governor Michelle Bowman joined the party, arguing tariffs would have only a minimal impact on inflation.…
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Yesterday’s gains over the US dollar have pushed the euro close to a significant milestone. EUR/USD opens Tuesday tantalisingly close to its highest level since 2021. Just how long it can stay that strong will depend on the…
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A better performance in both the services and manufacturing sections of S&P’s PMI report was a boost for the pound, but they did not come close to blowing away the structural concerns currently following the economy. The pound…
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