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USD: Strong factories, rising prices

The dollar firmed overnight as investors headed for safety, but the American economy is sending mixed signals. Factories are busy – a key survey showed the manufacturing sector growing at its strongest pace in months – yet the cost of raw materials is surging at the...


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Sterling slumps to one-month low ahead of Easter

Donald Trump had a clear message for any allies grumbling about the crisis in the Middle East. “Go get your own oil”, the president announced on his Truth Social platform yesterday, sending the price of oil up towards $110 per barrel. Few British consumers will be...


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USD: Job market cools

Job openings in the US economy fell by almost 400,000 in February and by more than currency markets expected. Hires decreased across all American regions, underscoring the growing economic difficulties at home that jar with President Trump’s aims on the global stage....


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EUR: A spring in its step

The eurozone reported a string of cooler than expected inflation releases in March. Headline consumer price inflation came in below expectations in France, Italy and the eurozone as a whole, boosting the euro and reducing the chance of painful interest rate hikes....


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GBP: Under pressure

After yesterday’s batch of economic data, sterling came under pressure, ceding morning gains to the US dollar and falling to its weakest level against the euro since the start of March. Showing resilience to the inflationary forces would help, but March’s data won’t...


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