There were mild losses today for the dollar as evidence mounted of a worsening labour market. We’ll get more on that from the highly-influential Non-Farm Payrolls report on Friday.
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It’s been a gritty comeback for EUR/USD so far this week, but in the context of it being close to its lowest for 2½ years. There are final results for PMI across the eurozone today, so has the…
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The pound has been strengthening against most major currencies this week. We will get a reading for new car sales and Services PMI shortly, but the main event of the week still looks likely to be the BoE’s…
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Sterling held onto most of its recent gain against the euro yesterday, maintaining a position not far its best in recent years and nearly 2.5% up on last year. Against the US dollar, the pound has gained close…
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The standard economic result of protectionist trade policy is an increase in inflation. Despite seeing just how politically potent this was on the campaign trail, Trump doesn’t seem to care, preferring instead to widely threaten tariffs. This is…
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New inflation data would usually have been a significant event on Monday’s calendar. Headline consumer price inflation (CPI) in the eurozone climbed from 2.4% to 2.5% in January, yet the euro still struggled to keep its head above…
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Based on the latest data, markets put the likelihood of a quarter-point Bank of England interest rate cut on Thursday at over 90%. What was billed as a close decision now appears a given. Sterling is now at…
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The euro endured another manic Monday as markets scrambled to adjust to signs of aggressive US trade policy. Donald Trump’s threat to extend his recently unveiled tariffs on Canada, Mexico and China to the eurozone sent European stock…
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