Yesterday the story was all about the US dollar coming under pressure once again from the continuing trade war. GBP/USD hit its best rate since January 2022, and the dollar lost more than 1% against leading currencies, taking…
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Consumer Price Inflation (CPI) rose from 2.3% to 2.4% in May but came in below the 2.5% figure most analysts predicted – the result mainly of cheaper oil and gas costs. This news contributed to the US dollar’s…
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With attention trained on the pound and US dollar, EUR/USD gained more momentum and pushed towards its highest level in a week. The euro continues to pick up steam despite the far lower interest rates set by the…
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The chancellor put on a brave face in parliament yesterday, but there was no mistaking the difficult decisions that ran through the spending review. Funding for defence, health and infrastructure is badly needed. The issue for sterling is…
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The UK economy contracted by 0.3% month-on-month in April, according to Office for National Statistics (ONS) data. Subdued services output and weaker production helped drive the fall, which came after a series of surprisingly strong performances to start…
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The pound’s exchange rate took a significant hit this week after new data revealed both growing unemployment and a shrinking jobs market. Both effects of April’s new budget which increased the cost for businesses to employ staff. Over…
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The dollar gained on the pound on Tuesday morning, but lost most of that lead through the day. This afternoon, new inflation data will reveal some of the impact of president Donald Trump’s tariff agenda.
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The euro climbed on the pounds losses yesterday and remained ahead of the dollar on Tuesday. However, today sees Polish prime minister face a no confidence vote and may cement the new right wing president’s ability to block…
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