The heatwave in much of western Europe seems to have taken the energy out of the currency markets this week and the euro barely moved. Will that all change today? We’re getting Manufacturing PMI results coming in from…
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It’s been a relatively calm week for sterling, with minimal gains against the euro and losses against the US dollar. Still, we start May almost 1.5% stronger against USD than the start of April. There’s nothing much to…
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The hottest day of the year was a quiet affair for sterling, but a political earthquake for the country, as Reform won a parliamentary by-election (something UKIP never managed) and appears to be on course to break the…
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For the first time since the early months of 2020, the latest Core PCE price index did not climb month-on-month. Given this is the Federal Reserve’s favoured measure of inflation, as well as worrying growth figures, this could…
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The euro’s standing in a key week has been bolstered the solid performance of member states in a glut of inflation and GDP numbers. With Germany’s political parties close to agreeing a coalition, this seems to be a…
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With its rivals reporting mixed data, we might have expected the pound to mount a stronger showing yesterday. Instead, sterling fell against both the euro and the US dollar. With a Bank of England meeting next week, the…
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The US economy contracted by an annualised rate of 0.3% in the first quarter of 2025. This marked the first quarter-on-quarter GDP slowdown since the start of 2022 and represented a sharp fall from the 2.4% growth recorded…
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The pound has been flying high over the past few days, with a 1%-plus improvement against the euro and three-year high against the US dollar. It is largely clinging on to those gains despite the increasing possibility of…
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