Almost all global currencies trended higher against the euro on Wednesday, from the Japanese yen to the Australian dollar. That could change over the weekend as the outcome of the German elections have the power to radically improve…
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Higher inflation had a mixed impact on the pound but gives Britain’s chancellor a far larger headache. Sterling markets are now keen to discover what Reeves will do next to address the UK’s funding shortfall. Higher taxes and…
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Sterling navigated an alarming inflation report to reach its highest mark against the euro since the end of 2024. A volatile trading session for GBP/USD pushed the pound down by the best part of half a cent as…
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Buoyed by increased average earnings data, the UK spent most of Tuesday leading on the dollar and the euro. Though it fell behind the US currency by day's end. However, this morning's above expected inflation rises highlights the…
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The dollar trailed sterling through much of Tuesday but closed out ahead of the pound and euro following the first meeting between the US and Russia in Riyadh. Secretary of state Marco Rubio indicated incoming economic deals between…
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The euro trailed behind the pound and dollar throughout Tuesday, as the markets wait for the result of the German election. With no major data releases due this week, the eurozone is at the mercy of US and…
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Increased average earnings data buoyed the pound through much of Tuesday, but it closed behind the dollar. However, the Office for National Statistics revealed inflation had risen above predictions, increasing pressure on the government.
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After spending most of the day trailing the pound, the dollar clawed back to lead on sterling and the euro by day’s end. Above expected inflation rises this morning highlighted the challenges facing the UK government.
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