by Charles Purdy | May 2, 2025
The hottest day of the year was a quiet affair for sterling, but a political earthquake for the country, as Reform won a parliamentary by-election (something UKIP never managed) and appears to be on course to break the traditional two-party system, with more local...
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by Jonathan Cook | May 1, 2025
For the first time since the early months of 2020, the latest Core PCE price index did not climb month-on-month. Given this is the Federal Reserve’s favoured measure of inflation, as well as worrying growth figures, this could move the dial in favour of a cut at next...
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by Jonathan Cook | May 1, 2025
The euro’s standing in a key week has been bolstered the solid performance of member states in a glut of inflation and GDP numbers. With Germany’s political parties close to agreeing a coalition, this seems to be a rare case of economics and politics pulling in the...
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by Jonathan Cook | May 1, 2025
With its rivals reporting mixed data, we might have expected the pound to mount a stronger showing yesterday. Instead, sterling fell against both the euro and the US dollar. With a Bank of England meeting next week, the road from here is likely to be bumpy. GBP/USD:...
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by Jonathan Cook | May 1, 2025
The US economy contracted by an annualised rate of 0.3% in the first quarter of 2025. This marked the first quarter-on-quarter GDP slowdown since the start of 2022 and represented a sharp fall from the 2.4% growth recorded the previous quarter. Despite this, President...
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