Sterling climbed close to its best level for over two weeks against the euro in early trading this morning as GBP/EUR continues a slow but unsteady recovery from the precipitate falls at the start of the month. It…
Read more
›
Donald Trump called the Federal Reserve’s Jerome Powell “Mr Too Late”, but it was Trump’s softening stance on Powell and China that came too late for the US dollar. Despite the de-escalation, the US dollar could only record…
Read more
›
After the release of manufacturing data, focus will now shift to the German Ifo business indicator to dictate the euro’s next move. Tariffs are likely to feature prominently in the survey, with many businesses uncertain of where to…
Read more
›
Even as the public finances creak, the pound at least enjoyed a broadly stable day on Wednesday. Minor losses to the US dollar were mainly the result of external factors, but the pound still has a fight on…
Read more
›
Sterling and the euro both sought to stem losses from a US dollar fightback on Wednesday, which came in reaction to two significant concessions from President Donald Trump. First, Trump walked back comments about Federal Reserve chair Jerome…
Read more
›
While the immediate turmoil caused by US president Donald Trump’s inconsistent tariff policies may be over, the week began with the dollar in steady decline against a basket of currencies. USD hit a three-year low and US stocks…
Read more
›
After the dollar hit three-year lows against a basket of other currencies, US president Donald Trump backtracked on his attacks of US Federal Reserve chair Jerome Powell. His reversal saw the dollar begin to stabilise and regain ground…
Read more
›
After making gains against the declining dollar, yesterday saw the euro lose more than 1% on USD and 0.5% on sterling. German manufacturing data due for release later this morning is forecast to dip and yesterday saw the…
Read more
›
