Sterling steadied itself after a rocky opening yesterday as some positive industry data provided a foothold against the euro and US dollar. The tone had very much been one of caution until US President Donald Trump announced that…
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The pound fell against the euro and US dollar for the second consecutive week last time out. June has proved a serious challenge for sterling. Since the beginning of the month, GBP/EUR has weakened steadily by close to…
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Federal Reserve governor Christopher Waller argued that the Fed should start cutting interest rates as early as July. According to Waller, the anticipated impact of tariffs on inflation hadn’t fed through into economic reality yet. Waller is a…
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While sterling has struggled, the euro has enjoyed a June to remember. Since 1 June, the euro has advanced by more than 1% against both the pound and the euro – a trend that comes despite low interest…
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The last few really significant British economic releases have been a drag on sterling. With GDP, employment and sales all seemingly moving in the wrong direction, the pound has struggled against its rivals as geopolitics and trade continue…
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The pound fell against the euro and US dollar for the second consecutive week last time out, having been buffeted by weak data and shifting central bank expectations. American airstrikes on Iranian nuclear facilities over the weekend mean…
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What is still, just about, the world’s reserve currency lost out against all but the yen and Norwegian krone yesterday. It was a Federal holiday yesterday (Juneteenth) and many hard-working American workers will be taking today off too,…
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Apart from against the pound, it was another positive day for the euro, with the biggest gains against the safe havens of the US dollar and yen. We’ve got a eurozone consumer confidence reading out this afternoon and…
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