Underwhelming data from the retail sector was hardly the start to the week the US dollar needed. After facing several weeks of growing pressure, the narrative is only likely to change with a sustained and impressive set of…
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The euro is acting as the protagonist in the world of currency. It has outperformed both the pound and the US dollar in the past month and by an impressive margin. Meanwhile, European markets are experiencing a gold…
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Charlie Bean, former deputy governor of the Bank of England, made headlines yesterday when he warned chancellor Rachel Reeves against “kneejerk” cuts to public spending. Bean cautioned against damaging the economy and the pound by carrying out unnecessary…
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A positive start to the week for sterling saw it tread water against the euro and advance by 0.5% against the US dollar. As of this morning, GBP/USD reached its highest level since the initial aftermath of the…
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The pound ended last week on the back foot after the release of disappointing GDP data. A slowdown in the UK economy in January pushed GBP/EUR down by half a cent and focused attention on the Bank of…
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Across America, the consumer mood is darkening. The heady days of the “Trump trades” seem a long time ago, with people growing increasingly unsure of how their jobs and businesses will survive the new regime. This has led…
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The euro’s recovery in recent weeks has been nothing short of remarkable. Fuelled by a newly united continent (and one that recognises the challenges it faces) the euro has recorded back-to-back weeks of sizeable advances over its rivals.
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Sterling cannot afford to lick its wounds from a disappointing GDP result for long. With an interest rate decision looming, the pound can expect volatility ahead, particularly with unemployment figures due to arrive. Analysts expect the Bank to…
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