Pakistan’s military chief is in Tehran today. That might sound a long way from the pound, the euro or your exchange rate – but his mission is as close to good news as markets have seen in weeks:…
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Renewed hopes that the war in the Middle East was drawing to an end sent the pound close to it strongest level in two weeks against the euro to begin Wednesday. The Strait of Hormuz remains a point…
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The US dollar was weakened anyway before March’s PPI report cemented that trend. Producer prices increased by 0.5% in March, far below the 1.3% expected. Goods prices and the annualised rate of price increases both came in at…
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A raft of Spanish inflation releases came in above expectations in March. While Spanish data is typically not much of a market-mover for the euro, it may have had an impact yesterday as traders extrapolate the implications across…
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The IMF did rather rain on sterling’s parade yesterday, slashing its full-year growth forecasts for the UK economy by more than any other in the G7. That did not stop the pound enjoying a positive day as the…
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It was a sea of red for the dollar this morning, with losses of around 0.75% against the pound and euro and well over 1% against the Swiss franc. In the US economy, sales of existing homes plunged…
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European leaders were in party mood yesterday. The election of a pro-EU leader in Hungary has renewed hopes of new funding for Ukraine and liberal European projects. The euro was little changed on Monday after the results of…
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A day that started with the pound on the back foot was more than reversed. After a dicey opening, the pound clawed back the cent it had lost to the US dollar overnight and strengthened to a position…
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