The dollar continues to suffer from fears about stagflation (a stagnant economy + inflation), with the PCE Price Index rising 0.3% last month. We’ve got jobs data this week, with JOLTS Job Openings tomorrow and Non-Farm Payrolls on…
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The single currency had a choppy sort of week, climbing overall against the US dollar after a week start. We have a mass of German industrial data coming out this morning, but today’s main event will be German…
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Sterling finished Friday on the backfoot, having fallen roughly half a cent against the euro over the last day of the week. Last week was filled with data, while this week the markets must content themselves with little…
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The pound reaches the end of the month around 1.25% down on the euro. The damage was done at the start of the month with a 3% drop, since when it’s been a slow and unsteady climb upwards.…
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British shops were bustling again in February, with monthly sales increasing by an unexpectedly strong 1% (after their previous blistering growth of 1.7% in January). Shoppers seemed intent on organising a bit of spring DIY, with hardware and…
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Some analysts believe that president Trump is deliberately angling for a less powerful US dollar. That would be good news for exporters and is thought to be a core belief of the Trump team. Whether deliberate or not,…
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The European Central Bank’s (ECB) Pierre Wunsch went on TV in the US yesterday to make the European case against tariffs. Trade barriers would dampen growth and cause inflation, Wunsch said, before turning attention to ECB policy. “Inflation…
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GBP/EUR reached its strongest level since early March yesterday, a minor miracle considering the banana skins it faced this week. With the euro more directly exposed to tariffs on the car industry, the pound has been able to…
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