Currency markets again find themselves battling a situation that has changed materially over the course of the weekend. Optimism turned to bitter resignation by Monday as hopes of an end to the energy crisis were dashed by Iran’s…
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There was a sharp turn around in the dollar’s fortunes yesterday. In the current risk sensitive climate that isn’t necessarily good news for the rest of us, but this time around looks to be a positive indication of…
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Gains on the pound were among the few bright spots for the euro yesterday, but it remains strong against the US dollar, close to a six-week high and not far off its best for five years. Will that…
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It was all downhill for sterling yesterday as the gains in the early part of the week were finally wiped out against the euro. Still, the pound remains 0.75% up on the US dollar compared to Monday. The…
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The continued ceasefire between the US and Iran – and the first talks between Israel and Lebanon for decades – have helped to calm market nerves in the past week. However the problem over oil supplies continues, with…
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The dollar has been sliding all week and is now at its weakest against the pound since mid-February. Ceasefire optimism has stripped out some of the safe-haven demand that had kept it elevated, and soft US inflation data…
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The European Central Bank publishes the internal notes from its March meeting this afternoon – the first detailed look at how rate-setters in Frankfurt debated the oil shock behind closed doors. The final eurozone inflation figure for March…
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February’s growth figure is the last clean measure of how the UK economy was doing before the Iran conflict added a new layer of pressure on energy bills and the cost of living. The Bank of England meets…
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