European Central Bank president Christine Lagarde said that Trump’s initial restraint on trade tariffs was a “smart approach”. It’s little wonder she would be supportive, given the euro’s recovery and the risks that tariffs would stall growth. Like…
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Sterling navigated more bad news on the UK’s fiscal health with a strong showing yesterday. Questions still remain about government spending, so the pound’s position is still slightly perilous and could get worse before it gets better.
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Improved risk sentiment helped ease the pressure on European currencies yesterday. A reduced threat of American trade tariffs (for Europe, at least) helped the euro build some momentum. The pound and the euro both advanced on the US…
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The first full day of US trading since President Trump’s inauguration saw the dollar lose ground to both the pound and the euro. While GBP closed out ahead of the euro on Tuesday, it lost almost all its…
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After making gains on Tuesday, fresh data from the ONS knocked the pound back to earth. With no major new data to be released today, sterling’s position in the market is particularly volatile.
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The euro benefitted from the easing of the dollar, but made little gain against other currencies. Later today, European Central Bank president Christine Lagarde will lay out how the eurozone plans to respond to increasing threats of a…
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The dollar lost ground against the pound and euro on Tuesday, ending weeks of rampant growth in anticipation of Trump’s inauguration. The president’s continued talk of trade tariffs has the potential to shake the market throughout the day.
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With US markets closed to mark MLK day, the US dollar was on the wrong end of some surprising restraint from the new president. As mentioned above, investors would be wise to strap themselves in for the next…
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