More losses for the US dollar yesterday, after retail sales fell back sharply in a day packed with economic data, overall showing a mixed and confusing economic picture for the world’s biggest economy right now. We’ve got some…
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It was a performance of two halves for the single currency, but there was most red in the figures (indicating weakening) against the pound, yen and Swiss franc. There’s a somewhat bitty start to next week’s data –…
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The pound strengthened against most pairs yesterday, apart from the two safe-haven currencies: the yen and Swiss franc. The rises were most notable against the various dollars and krone, while hitting a six-week high against the euro. It’s…
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Sterling recovered to its strongest position for six weeks against the euro yesterday, while maintaining its strength against the US dollar, following better than expected economic results. Gross Domestic Product (GDP) grew by 0.7% in the first quarter…
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The US dollar has been unable to capitalise on recent softening in the trade war. Despite a minor bounce, markets are playing it cool ahead of today’s comments from Jerome Powell. As highlighted by Deutsche Bank yesterday, a…
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As other nations push and shove to get to the front of the queue, the eurozone is taking a different approach to trade negotiations. Yesterday, Reuters reported that the bloc was confident its size could give it an…
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Sterling shed some value to its rivals yesterday ahead of this morning’s big growth report. Despite some softness in recent employment figures and a cut to interest rates, cautious words from the Bank of England helped limit those…
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Initial data showed the British economy grew by 0.7% in the first three months of 2025, its strongest performance since the same period in 2024. The annualised growth rate registered 1.3% in Q1, modestly exceeding the majority of…
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