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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Inflation declined in the UK to 2.8% last month, below last month’s 3% and slightly lower than expectations. The result has weakened sterling in early trading, although the result was in line with Bank of England forecasts, if…
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America made it a clean sweep of our three key jurisdictions reporting PMI data yesterday. Although this data tends to be less impactful, on this occasions it served to boost the US dollar by virtue of comparison. America’s…
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Although the euro lost some ground to begin the week, the worst of the volatility that marked the start of the year has now cooled. The euro has made steady progress since last month and more consumer data…
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Things could get messy later this week, but by all accounts the pound made a reasonable start on Monday. With the help of some outstanding PMI data (although not from factories, it must be said) sterling was able…
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The pound received a welcome boost courtesy of its dominant professional services sector on Monday. UK private sector growth reached a six-month high, with the all-important services sector recording a score of 53.2 in March’s S&P Global UK…
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Sterling reached its highest point against the euro since early March last week. GBP/EUR managed to eek out a 0.5% advance across the week but is still close to 2 cents lower than where it began the month.
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The US dollar faces a packed schedule of economic data this week. That gives the dollar a chance to redeem itself, yet the risk is those figures only compound recent fears of an economic slowdown.
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