by Christopher Nye | Aug 8, 2025
The pound strengthened by just over half a percent against major rivals yesterday following comments from BoE governor Andrew Bailey yesterday. In making their decisions on interest rates the BoE relies on data, and next week we have a few influential data points,...
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by Charles Purdy | Aug 8, 2025
Sterling surged against all-comers yesterday following the Bank of England’s (BoE) interest rate cut. It was a day of drama for its Monetary Policy Committee (MPC) which had an unprecedented second vote after failing to reach a majority on the first. In the end the...
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by Jonathan Cook | Aug 7, 2025
The Federal Reserve’s Neel Kashkari made an appearance yesterday and his words did much to surmise the US dollar’s quandary. With the economy slowing, two further rate cuts this year seemed the correct pace, Kashkari said, although if tariffs began to cause higher...
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by Jonathan Cook | Aug 7, 2025
The euro performed well against its rivals on Wednesday, strengthening on improved risk appetite and some signs of progress on the trade front. While European leaders agreed a deal with Trump last week, the euro was boosted by the eurozone delaying reciprocal tariffs...
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by Jonathan Cook | Aug 7, 2025
Markets are betting on a three-way split in today’s Bank of England vote. For the pound, this lack of consensus points to an uncomfortable and tense economic moment. As policy opinions begin to diverge, expect things to get a little bumpy for the pound from midday...
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