The single currency was in two minds yesterday – weakening against the pound, yen and krone but gaining on the US dollar. It was a decidedly mixed bag for final PMI results across the eurozone too, but including…
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Sterling had a positive start to the working week. Strengthening by a third of a percent against the euro and twice that much against the US dollar and Swiss franc. Some of that was later reversed. We are…
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It was a turbulent day for sterling yesterday, with sharp rises and falls for GBP/EUR, but continued growth against the US dollar. European exporters including Porsche and Heineken have been warning that the strong euro – on top…
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After a frantic few weeks, some of the larger, more foundational questions about the US dollar’s (and indeed, the United States in general) short-term future have dissipated. The US dollar rallied to end last week on news of…
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Persistent inflation did not have too much of an effect on the euro to end last week. That perhaps reflects both the gap between the next ECB decision (June) as well as the likelihood that price pressures will…
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A good week for the pound was cancelled out by a slide across Thursday and Friday. While policymakers are widely expected to announce a minor cut for interest rates, the present danger is they could signal larger cuts…
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Sterling begins this shortened week under a little bit of downward pressure, with Thursday’s (8 May) meeting of the Bank of England’s Monetary Policy Committee likely to result in a cut to interest rates.
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It was a positive day for the US dollar yesterday, with modest gains against most major rivals and a stonking 1.7% gain on the yen. It will be all eyes on the employment data this afternoon, and Monday…
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