by Jonathan Cook | Feb 20, 2025
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 departmental cuts seem inevitable but her...
read more
by Jonathan Cook | Feb 20, 2025
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 markets awaited the latest minutes from the Federal...
read more
by Julian Benson | Feb 19, 2025
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 rise highlights the challenges facing the UK...
read more
by Julian Benson | Feb 19, 2025
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 the two countries which bolstered...
read more
by Julian Benson | Feb 19, 2025
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 Russian dealings in Riyadh and the choice of the German...
read more
