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GBP: Ceasefire sees growth over dollar and euro

The pound gained on both the dollar and euro on Tuesday as Iran and Israel brokered a fragile ceasefire. Despite these short-term gains, however, Bank Governor Andrew Bailey warns of “unpredictable” future for the UK economy. GBP/USD past year 1 Min 5 Min 1 Hr 1 Day 1...


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EUR: Lagging behind pound despite strong outlook

The euro gained slightly from the dollar’s decline on Tuesday, with traders moving their money in European stocks. However, even with positive business sentiment coming out of Germany, it lagged behind the pound. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom...


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Middle East ceasefire brings relief to the markets

Following the start of a tense ceasefire between Iran and Israel, the dollar saw losses on Tuesday as traders moved their money out of the safe haven currency. At one point the dollar was down more than 1% against the pound, though that settled out to a 0.4% loss by...


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USD: Fed rift widens

Last week, it was the Federal Reserve’s Christopher Waller flying the flag for an interest rate cut in July. On Monday, fellow governor Michelle Bowman joined the party, arguing tariffs would have only a minimal impact on inflation. Two prominent dissenters from chair...


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EUR: EUR/USD nears four-year high

Yesterday’s gains over the US dollar have pushed the euro close to a significant milestone. EUR/USD opens Tuesday tantalisingly close to its highest level since 2021. Just how long it can stay that strong will depend on the data, as well as any number of interlinked,...


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