by Christopher Nye | Jul 4, 2025
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 the main event of next week will be the minutes of the last...
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by Christopher Nye | Jul 4, 2025
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 of data for the markets to chew on in upcoming days. EUR/USD past year 1 Min 5 Min 1 Hr...
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by Christopher Nye | Jul 4, 2025
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 GDP next Friday. The chancellor – presumably Rachel...
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by Charles Purdy | Jul 4, 2025
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 is more than 1% up over the month, but...
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by Jonathan Cook | Jul 3, 2025
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 staked their fiscal legacy on this...
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