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EUR: Euro holding steady

The euro has maintained a solid position against the pound this week, though it has struggled to keep pace with a surging US dollar. Despite brief volatility caused by rumours of leadership changes at the central bank, the ECB’s “steady as she goes” policy...


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GBP: Pound faces pressure

The pound opened near its lowest level of the year against the euro this morning, as cooling inflation increases the likelihood of a Bank of England rate cut in March. While the market has stabilised today, the currency remains fundamentally weak ahead of tomorrow’s...


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Rate cut clamour drags down sterling

Pancake day landed in a bit of a splat for the pound, with economic data strengthening the case for another interest rate cut sooner rather than later. The traditional precursor to Lent saw the pound cut back early, weakening by almost a full cent to a one-month low...


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USD: ‘Warsh trade’ wobble

It was a positive start to the shortened week for the US dollar. Regardless, there are significant concerns about both the dollar’s long-term viability and the independence of the Fed. According to Bank of America, an increasing number of investors expect the currency...


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