USD: Dollar in retreat

It’s been a torrid month for the dollar with losses averaging 1% in the past week and 2% in the past month against most pairs, including sterling. This evening we’ve got the FOMC minutes coming out, which may well have the power to move the market late in the...


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Santa rally lifts year-end mood

With just three days to go in 2025, financial markets received their customary “Santa rally” as stock markets finished last week on the front foot. While there was action elsewhere, things were a little more restful in the land of currency. The pound, the euro and the...


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GBP: Marginal movement

For the pound, Christmas Eve saw marginal movement at most. A range of about 0.2 cents against the euro and the US dollar slowed the momentum from earlier in the week, although that was to be expected given time of year. GBP/USD: the past year               1 Min 5...


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