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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After three weeks of solid losses amounting to around 2% against the euro, there was something of a dead cat bounce yesterday. Sterling in fact recovered across the board yesterday, but that may not last long given parlous…
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Sterling was on the rise yesterday after the Bank of England (BoE) held interest rates and President Trump backed away from any immediate involvement in the Israel-Iran conflict. The pound strengthened against just about all currencies yesterday, but…
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New housing starts fell to their lowest level in five years in May, as the impact of tariffs continued to weigh on large projects. The US dollar is currently benefiting from safe-haven demand, yet it can add the…
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Without much economic data to analyse, the euro has been happy to play the part of spectator in recent days, benefitting from the spotlight focusing elsewhere. That could change next week upon the release of crucial manufacturing data,…
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Currency markets think the BoE will leave interest rates unchanged until September. Sterling would benefit from a period of certainty given its recent struggles. Don’t put all your eggs into this basket, though. Currency markets are often simply…
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Sterling lost a little more ground to both the euro and the US dollar ahead of today's interest rate decision from the Bank of England (BoE). A “risk-off” tone continued to dominate trading as currency markets look to…
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What was meant to be a big week for the UK economy – with a new inflation data and a possible interest rate cut by the Bank of England – has been overshadowed by the growing conflict in…
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