by Jonathan Cook | Aug 12, 2025
A quiet summer period presents both risks and opportunities to the euro, which slid against the pound and the US dollar to start the week. The slow trickle of data (including this morning’s German consumer sentiment report) will in all likelihood be eclipsed by...
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by Jonathan Cook | Aug 12, 2025
Sterling’s performance was mixed yesterday, strengthening by around 0.3% against the euro and weakening by about half a cent as the US dollar made a recovery. Ahead of Thursday’s crucial GDP report, the pound’s path is very much uncertain. GBP/USD: the past year...
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by Jonathan Cook | Aug 12, 2025
Joblessness in the United Kingdom in June came in unchanged from the month prior at 4.7%, we learned this morning. After a quiet Monday, sterling was on the rise against both the euro and the US dollar immediately following that news. Perhaps this rise had more to do...
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by Jonathan Cook | Aug 11, 2025
The pound strengthened by over a cent against the euro after last week’s interest rate cut from the Bank of England. The Bank decided on a 0.25% cut (taking the headline figure from 4.25% to 4%), although this was only after an unprecedented second vote once the first...
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by Jonathan Cook | Aug 11, 2025
It feels very much as though currency markets are waiting for the US dollar’s next misstep. The jobs fiasco has undermined already wobbly confidence and the US dollar will likely come under pressure alongside the number of high profile reports due out before the end...
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