by Jonathan Cook | Jun 12, 2025
Consumer Price Inflation (CPI) rose from 2.3% to 2.4% in May but came in below the 2.5% figure most analysts predicted – the result mainly of cheaper oil and gas costs. This news contributed to the US dollar’s daily losses of half a cent against the pound and almost a...
read more
by Jonathan Cook | Jun 12, 2025
With attention trained on the pound and US dollar, EUR/USD gained more momentum and pushed towards its highest level in a week. The euro continues to pick up steam despite the far lower interest rates set by the ECB. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
read more
by Jonathan Cook | Jun 12, 2025
The chancellor put on a brave face in parliament yesterday, but there was no mistaking the difficult decisions that ran through the spending review. Funding for defence, health and infrastructure is badly needed. The issue for sterling is that choosing to fund these...
read more
by Jonathan Cook | Jun 12, 2025
The UK economy contracted by 0.3% month-on-month in April, according to Office for National Statistics (ONS) data. Services output and weaker production helped drive the fall, which came after a series of surprisingly strong performances to start the year. Slightly...
read more
by Julian Benson | Jun 11, 2025
The pound’s exchange rate took a significant hit this week after new data revealed both growing unemployment and a shrinking jobs market. Both effects of April’s new budget which increased the cost for businesses to employ staff. Over a dramatic hour, the pound lost...
read more
