The pound ended last week on the back foot after the release of disappointing GDP data. News that the UK economy shrank in January pushed GBP/EUR down by half a cent and focused attention on the Bank of…
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Something of a split in the dollar’s fortunes yesterday, with small gains against most European currencies and other dollars, but falls against Far Eastern currencies. Next week the Fed makes its interest rate decision, on Wednesday.
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Although the euro fell back yesterday a following Trump’s promise to put 200% tariffs on European alcohol imports, the reversal was not across the board. Coming up today we have a final reading for inflation in key eurozone…
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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…
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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…
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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…
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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…
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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…
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