The pound continued to grow against the dollar, now nearly 2% up on USD since this time last month. GDP numbers and the Chancellor’s spending review may upset the pound or show signs of continued growth.
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After a week of inflation data and interest rate cuts, the Eurozone has relatively calm week ahead. Though this lack of data releases and big economic decisions means it is at the mercy of other markets.
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All in all it was a relatively quiet day for the dollar. Will that last Non-farm Payrolls coming out at 12.30 UK time? Trump’s war of words against Federal Reserve chair Powell will continue if the data continues…
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The interest rate cut saw sharp rises for the single currency against ‘safe haven’ currencies such as the yen and Swiss franc, while falling fractionally against the commodity-backed ones like the Aussie dollar and Norwegian krone. Coming out…
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Another positive day for GBP/USD saw a fresh three-year high and a distinctly choppy performance against the euro. We are coming into a tricky period for the pound, with data coming out thick and fast over the next…
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A busy day on the currency markets yesterday saw the pound climb to a three-year high against the US dollar and the eurozone get a ninth interest rate cut in two years. At lunchtime the European Central Bank…
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It was an unequivocally negative day for USD, with the largest falls against the yen and Swiss franc and missing a new three-year low against the pound by only the smallest of margins. There’s not much on the…
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