Currency markets expect the European Central Bank to opt for another 0.25% cut to interest rates at its meeting on Thursday. This is based on some recent comments from Christine Lagarde as well as the sense that the…
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Friday’s mixed data raised the stakes for the Bank of England. Markets still believe it will opt to cut rates but that decision has been made a lot less certain. Sterling will be bracing for volatility ahead of…
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Sterling enjoyed a strong end to last week, climbing by 1% against the US dollar over the course of Friday. EUR/USD rose to its highest level this year as GBP/EUR strengthened slightly in a more balanced session.
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It’s not been a good week for those who want to downplay the significance of Trump, with the price of oil and the dollar (US and Canadian) falling in response to his comments. However, stocks, coal and crypto…
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It’s been a mixed week for sterling, with overall gains against major currencies such as the US and Canadian dollars and Swiss franc. We will shortly get a flash reading for the Purchasing Managers’ Index (PMI).
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There was a strong recovery against the US dollar this week, taking the past month close to even. We will get more PMI data soon, notably on German manufacturing – how low can it go? – and then…
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Sterling staged a bit of a comeback yesterday, bringing it back on a level with where it started the week against the euro and close to 1% up on Monday morning against the US dollar. Although GBP/EUR’s uplift…
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The euphoria in American markets is helping to shield the US dollar from the less aggressive actions of the commander in chief. Despite respite on tariffs, the US dollar continues to benefit from a groundswell of positivity that…
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