The pound had another rocky day on Monday as snowballing concerns over the impact of American trade tariffs rippled through currency markets. GBP/EUR lost half a cent from where it ended last week and paired that with an…
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The pound started Monday at an eight-month low against the euro after US President Donald Trump’s package of trade tariffs caused shockwaves across the globe.
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Last week was bewildering for everyone, but perhaps none more so than the Federal Reserve. Jerome Powell spoke on Friday and provided similar analysis to the IMF: tariffs would be inflationary and hurt growth. The real headscratcher here…
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European leaders promised retribution for Trump’s tariffs, but that hasn’t helped the euro find solid ground. A powerful surge against the pound was tempered by a similarly vicious fall against the US dollar. A trade war is good…
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Sterling could do little but hope to weather the worst of last week’s storm. Wild swings dominated trading, which meant the pound was well up on its rivals on Wednesday but sunk low by Friday afternoon. It would…
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US President Donald Trump’s sweeping package of trade tariffs sent sterling to its lowest level against the euro in nine months on Friday. The US dollar was able to stem its losses on the back of strong jobs…
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The dollar index dropped by more than 1.5% yesterday to a six-month low. However, today is another day and coming up this afternoon we’ll have Non-Farm Payrolls. The markets won’t be too bothered by DOGE layoffs, but a…
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The single currency was in bullish mood yesterday, strengthening against almost every currency, including 2% against the US dollar. There will be some insight on the currently parlous state of European construction shortly, with PMI data, and Monday…
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