by Christopher Nye | Jul 4, 2025
It was good news for sterling yesterday with gains across the board. Don’t take too much comfort from this, however, as it was only a modest bounce back from Wednesday’s losses. The biggest event on the horizon is GDP next Friday. The chancellor – presumably Rachel...
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by Charles Purdy | Jul 4, 2025
Sterling recovered some of its losses yesterday as, much to the surprise of some, the British chancellor Rachel Reeves remained as chancellor. The pound gained close to half a cent on both the euro and US dollar. GBP/USD is more than 1% up over the month, but...
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by Jonathan Cook | Jul 3, 2025
Donald Trump’s “Big, Beautiful Bill” has cleared a major hurdle in the Senate (with the help of the vice president’s tiebreaking vote), but it now must navigate a perilous path in the House of Representatives. The Republicans have staked their fiscal legacy on this...
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by Jonathan Cook | Jul 3, 2025
The euro ended Wednesday at its highest level over the pound since early April, when Donald Trump’s tariff regime caused a similar stir to that in Westminster yesterday. Things are also going well for EUR/USD, which has strengthened close to a four-year high. GBP/EUR:...
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by Jonathan Cook | Jul 3, 2025
Bond market stress, sterling under the cosh, a government in freefall. Is this 2022 all over again? Maybe not, but the pound has seen this story play out before. A huge fall for sterling meant questions swirled for the government, the chancellor and the UK economy...
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