It’s been a balanced week overall for sterling: significantly positive against the ‘safe haven currencies’ of the US dollar, yen and Swiss franc and more negative against the antipodean dollars and Scandinavian currencies, with GBP/EUR in the middle,…
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After the rush midweek, when the pound gained 2% on the dollar over 24 hours, GBP/USD was in more doubtful mode yesterday, although it has held onto most of the gain. A similar story against the euro, but…
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Also supporting the US dollar was an indication from the Federal Reserve that it was increasingly open to interest rate hikes. In keeping with many other central banks, the Fed seems to be closely monitoring the impact of…
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Germany’s trade surplus narrowed slightly to €19.8bn in February. The figures surprised to the upside after January's slow trade data, with exports and imports surging by 3.6% and 4.5% respectively month-on-month.
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Wednesday reversed quite a long streak of poor returns for sterling. The pound strengthened by almost two cents against the US dollar as part of a broad dollar weakness. At the same time, government borrowing costs fell as…
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Currency markets begin Thursday on the back foot after cracks appeared in the two-week Middle East ceasefire less than 24 hours after it was announced. The US dollar recovered some of Wednesday's losses, gaining close to a cent…
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The world breathed a sigh of relief this morning as Donald Trump’s extraordinary threat to wipe out Iranian civilisation proved unnecessary. Instead, the United States and Iran agreed a two-week ceasefire that would reopen the Strait of Hormuz…
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The US dollar has benefited from safe haven flows during the oil crisis, but is getting harder by the day for investors to bank on America. Donald Trump’s threat to enact civilisational wipeout on Iran was another reminder…
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