by Jonathan Cook | May 6, 2025
A good week for the pound was cancelled out by a slide across Thursday and Friday. While policymakers are widely expected to announce a minor cut for interest rates, the present danger is they could signal larger cuts on the way. A more aggressive posture from the...
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by Jonathan Cook | May 6, 2025
Sterling begins this shortened week under a little bit of downward pressure, with Thursday’s (8 May) meeting of the Bank of England’s Monetary Policy Committee likely to result in a cut to interest rates. A mixed week for the pound saw it batted back from 1% gains...
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by Christopher Nye | May 2, 2025
It was a positive day for the US dollar yesterday, with modest gains against most major rivals and a stonking 1.7% gain on the yen. It will be all eyes on the employment data this afternoon, and Monday kicks off with services PMI.
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by Christopher Nye | May 2, 2025
The heatwave in much of western Europe seems to have taken the energy out of the currency markets this week and the euro barely moved. Will that all change today? We’re getting Manufacturing PMI results coming in from across Europe and the inflation result...
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by Christopher Nye | May 2, 2025
It’s been a relatively calm week for sterling, with minimal gains against the euro and losses against the US dollar. Still, we start May almost 1.5% stronger against USD than the start of April. There’s nothing much to write home about on the wires tomorrow, but next...
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