by Christopher Nye | Mar 14, 2025
A mixed day for sterling saw some growth against the euro to its best for a week, and some stability against the US dollar. After today’s GDP, there won’t be any major data releases until unemployment and earnings on Thursday, but this will itself be eclipsed by the...
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by Charles Purdy | Mar 14, 2025
The British economy contracted in January by 0.1%, as measured by Gross Domestic Product (GDP) out this morning. It will come as a blow to the chancellor Rachel Reeves, but the markets do not appear to think it will be enough to persuade the Bank of England to make a...
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by Jonathan Cook | Mar 13, 2025
Falling inflation was a reassuring sign that the United States was unlikely to fall into a period of high inflation and low growth. However, this also gives the Federal Reserve a tough choice. Cutting interest rates would be a bold move with tariffs likely to push...
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by Jonathan Cook | Mar 13, 2025
The momentum that carried the euro higher over the past few weeks sputtered on Wednesday, as the prospect of a self-perpetuating cycle of tit for tat tariffs grew larger. Regardless, EUR/USD remains almost 6% up compared to two weeks ago and the euro limited the...
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by Jonathan Cook | Mar 13, 2025
Friday’s GDP report is another chance for sterling to show it is headed in the right direction. With economic growth rising unexpectedly to 0.4% in December, some banks are now revising their projections up from the current consensus of 0.1% growth in January. As is...
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