by Christopher Nye | Mar 27, 2025
It was a mixed day for the pound, which fell early in the day as the chance of a May rate cut increased, but recovered on the news of car tariffs on Europe. Coming up tomorrow we have retail sales. GBP/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Charles Purdy | Mar 27, 2025
Traders remained reasonably sanguine about sterling yesterday despite a dismal economic forecast and a fall in inflation that raises odds of an interest rate cut in May. An early drop in GBP/EUR and GBP/USD after the fall in inflation to 2.8% was announced soon turned...
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by Charles Purdy | Mar 26, 2025
Inflation declined in the UK to 2.8% last month, below last month’s 3% and slightly lower than market expectations. The result has weakened sterling in early trading, although the result is broadly in line with Bank of England forecasts. The pound has so far this...
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by Christopher Nye | Mar 26, 2025
There was minimal movement for sterling yesterday ahead of the Spring Statement, but some progress against the euro, where the pound has now recovered almost 1% over the past week. On Friday a busy period for data ends with Retail Sales, where a sharp drop is expected...
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by Christopher Nye | Mar 26, 2025
The dollar weakened against its Canadian and Australian counterparts yesterday, on a day that showed slightly worsening economic confidence across a broad range of measures. Tomorrow we’ll get a final result for GDP in the USA for the final quarter of 2024. USD/GBP...
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