by Charles Purdy | May 23, 2025
Sterling has continued at its current strong level for two working weeks now, at a three-year high against the US dollar and a six-week high against the euro. The last 24 hours have seen some movement for GBP/EUR, with swings of around half a cent, but overall the...
read more
by Jonathan Cook | May 22, 2025
With President Trump’s “big, beautiful” tax bill sputtering its way through Congress, the US dollar has slipped as markets fret about the issue of twin deficits, i.e. both a spending and a trade deficit. Pressure is growing in the bond market and investors are looking...
read more
by Jonathan Cook | May 22, 2025
The euro made up more ground against the US dollar yesterday, benefitting from an extended period of dollar weakness. Things were more equal against the pound, but the fact the euro can perform this well despite the massive divergence in interest rate policy is a...
read more
by Jonathan Cook | May 22, 2025
Most people expected inflation to rise in April, but few predicted it would surge to 3.5%. A number of Bank of England members have urged caution in recent days, and this report will have done little to change that view. Sterling may benefit from this change but the...
read more
by Jonathan Cook | May 22, 2025
Sterling slipped against its peers on Wednesday after the release of April’s unexpectedly hot inflation report. By the end of the day, it had clawed back its losses to the euro and the US dollar as the sense grew that the Bank of England may have to stray from its...
read more
