EUR: Highest since April

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 close to a four-year high. GBP/EUR:...


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GBP: Déjà vu

Bond market stress, sterling under the cosh, a government in freefall. Is this 2022 all over again? Maybe not, but the pound has seen this story play out before. A huge fall for sterling meant questions swirled for the government, the chancellor and the UK economy...


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Sterling buckles after Commons horror show

The pound weakened by over a cent against the euro and by almost two cents against the US dollar on Wednesday, a day that saw one of the most remarkable Prime Minister’s Questions (PMQs) of recent times. Despite stabilising in the evening session, sterling will be...


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USD: Fed Chair blames tariffs for rate cut delay

Following falls on Monday, the dollar held its own against the pound and euro on Tuesday, with change fluctuating up and down within 0.1%. Despite signs of a healthy economy, with inflation down and jobs up, Fed Chair Jerome Powell says the uncertainty caused by...


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