The euro’s momentum was halted on Friday by the unwelcome spectre of trade tariffs. European negotiators had been taking the slow route when it came to reaching a deal, but they will have to get their skates on…
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The US dollar endured its worst performance since the mayhem that unfolded at the beginning of April last week. A fall of almost 2% against a basket of rival currencies reflecting growing disquiet over fiscal policy, now threatened…
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There were gains almost but not quite across the board yesterday for the US dollar – the single holdouts being sterling and the ‘loonie’, as the Canadian dollar is nicknamed. Federal Reserve chair Jerome Powell will be speaking…
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It was a day of declines for the single currency yesterday, losing around 0.45% against both the pound and US dollar. We have just had a result for German GDP, which grew at a revised 0.4% in the…
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The pound strengthened yesterday against the euro by around 0.4%, taking it back to the point it’s been at since early April. Monday is a Bank Holiday in the UK, but in truth there is little to excite…
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Sterling has continued at its current strong level for two working weeks now, at a three-year high against the US dollar and a six-week high against the euro. The last 24 hours have seen some movement for GBP/EUR,…
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With President Trump’s “big, beautiful” tax bill sputtering its way through Congress, the US dollar has slipped as markets fret about the issue of twin deficits, i.e. both a spending and a trade deficit. Pressure is growing in…
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The euro made up more ground against the US dollar yesterday, benefitting from an extended period of dollar weakness. Things were more equal against the pound, but the fact the euro can perform this well despite the massive…
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