As things stand, evidence of the German economy’s comeback has been anecdotal and centred around new projections. Tweaks to government spending rules could well prop up the euro in the long term, but it will still need a…
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Sterling’s fate this week rests on a couple of key data points, as well as the spring statement. The chancellor’s job was made all the harder with public borrowing figures from February coming in well above expectations. The…
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Sterling made tentative progress against the euro last week, briefly reaching its highest level since early March. While it would later give up some of these gains, GBP/EUR nonetheless ended the week around 0.5% above where it began.…
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There was no clear direction for the US dollar either yesterday, as it made good gains on the pound, euro and Swiss franc while treading water against most others. There’s little coming out of the USA today, but…
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The single currency took a dive yesterday, with small losses against the pound but more hefty losses against most other currencies. It’s a relatively quiet end to the week, but we launch into next week with PMI across…
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No surprises from the Bank of England led to a mixed day for sterling, with a smallish boost against the euro, but losses against the US and Canadian dollars and Norwegian krone. The data continues next week with…
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A busy week on the currency markets has seen a blizzard of high-impact data and several interest rate decisions. The markets – and central banks – are clearly uncertain on the state of the global economy and whether…
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The US dollar regained some momentum on Wednesday as traders looked to Jerome Powell and co to make sense of the last few months. After last night’s decision, the next key date comes in early April when Trump’s…
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