Sterling benefitted from unexpectedly positive GDP numbers (plus a notably weaker US dollar) to end last week on a high. In just one week, GBP/USD gained almost two per cent while the euro also made similar gains against…
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It was an entirely negative day for the US dollar, with drops of around 1% against most major currencies including the pound. This afternoon we will get retail sales data, then on Monday the markets are closed for…
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The euro also had a positive day against the US dollar yesterday, strengthening by around 0.75%. There was little movement elsewhere, but we will shortly get the eurozone’s GDP result – a potential sting in the tail for…
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Against a basket of currencies the pound has gained close to 2% since mid-January and a little more over the past year. The GDP result will certainly have helped, and next week we have more high-level data, with…
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Sterling leapt to its best level of 2025 against the US dollar yesterday, after greater than expected growth in the UK economy. Gross Domestic Product (GDP) for December showed 0.4% growth, taking the quarterly number into the positive,…
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With headline consumer price inflation at its highest since June 2024, markets are appraising the prospect of tariffs in a new light. Any trade restrictions will likely have an inflationary impact and that could be a drag on…
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The euro retraced most of Tuesday’s losses against the pound yesterday and hit back after the US dollar’s inflation-induced rally. The threat of tariffs still dominates discussions and could be a stumbling block for the euro even as…
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The UK economy grew by 0.4% in December and by 0.1% across the final three months of 2024. Both of those figures were higher than expected and help to ease the pressure on both sterling and the UK…
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