by Jonathan Cook | Nov 18, 2025
Sterling enjoyed a more optimistic Monday as last week’s Budget-induced fever began to break. The pound strengthened against the US dollar and the euro across the day, while the yields on UK government debt softened – an indication that investors were a little less...
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by Jonathan Cook | Nov 17, 2025
Sterling was rocked last week by bombshell reports that Chancellor Rachel Reeves was set to ditch plans to raise income tax at the autumn Budget (26 November). While it would ultimately stabilise, the pound to euro rate still worsened by about half a cent between...
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by Jonathan Cook | Nov 17, 2025
The US dollar ended last week on a softer note, failing to pick up much momentum despite an end to the government shutdown. Risk appetite remains low ahead next month’s coin-flip decision for the Federal Reserve and amid a backlog of economic data. EUR/USD: the past...
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by Jonathan Cook | Nov 17, 2025
Inflation was broadly stable in the eurozone last month, with the one notable exception being the German services sector. Prices increased last month due to an 18% bump in air travel – the biggest October increase on record, according to Deutsche Bank. GBP/EUR: the...
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by Jonathan Cook | Nov 17, 2025
Sterling paid the price for uncertainty at the heart of the British government last week. First it was political manoeuvring, but then it was from weak growth numbers and the tax U-turn. All told, the pound weakened by almost a cent against the euro last week,...
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