Little movement too, for the dollar, with sub-0.20% gains on the euro, Canadian dollar and Norwegian krone. The main event today will be the US quarterly GDP figure at 12.30 UK time.
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A day of small movements saw marginal losses against the pound and US dollar. Watch out for the GfK Consumer Confidence reading tomorrow, plus French and Spanish inflation.
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It was a mixed day for the pound, which fell early in the day as the chance of a May rate cut increased, but recovered on the news of car tariffs on Europe. Coming up tomorrow we have…
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Traders remained reasonably sanguine about sterling yesterday despite a dismal economic forecast and a fall in inflation that raises odds of an interest rate cut in May. An early drop in GBP/EUR and GBP/USD after the fall in…
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Inflation declined in the UK to 2.8% last month, below last month’s 3% and slightly lower than market expectations. The result has weakened sterling in early trading, although the result is broadly in line with Bank of England…
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There was minimal movement for sterling yesterday ahead of the Spring Statement, but some progress against the euro, where the pound has now recovered almost 1% over the past week. On Friday a busy period for data ends…
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The dollar weakened against its Canadian and Australian counterparts yesterday, on a day that showed slightly worsening economic confidence across a broad range of measures. Tomorrow we’ll get a final result for GDP in the USA for the…
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It was (almost) all downhill for the single currency yesterday, but most falls were limited to less than 0.5%, with AUD and CAD being the biggest winners against the euro. We’ve got a final result for Spanish GDP…
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