The last week before another four years of President Trump has witnessed some of the dollar’s recent gains pared back. But the past month has nevertheless seen gains of close to 4% against the pound. This afternoon we’ll…
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It was a positive day for the single currency overall, apart from losses against a strongly resurgent yen. We will shortly get a final reading for eurozone inflation.
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It’s been a significantly negative week for sterling, with drops against all of its ten biggest pairings. However, the rate of descent at least has levelled off. After a week of heavy data, next week we have employment…
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There was some relief for sterling yesterday, with another day of some stability against the euro and US dollar. However, this morning’s unexpected drop in retail sales in December has started a downward trajectory once again. The UK’s…
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While it got a little carried away celebrating Trump’s victory, US dollar markets should remember that Trump’s economic goals rest on low interest rates and a strong stock market. The president-elect is likely to exert pressure on the…
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The euro’s rally against the US dollar failed to make it out of yesterday afternoon’s trading. Meanwhile, GBP/EUR advanced as UK inflation fell and the German economy showed more sign of weakness.
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UK chancellor Rachel Reeves will be relieved to see the pound stabilising. Pressure had been growing on her in recent days but an improvement in sterling’s fortunes has eased borrowing costs and put the bond market on pause.…
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UK economic growth returned to positive territory in November after two months of consecutive contraction. The British economy grew by 0.1% month-on-month and by 1% on an annual basis, which was actually slightly below the level economists had…
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