by Christopher Nye | May 7, 2025
Sterling had a positive start to the working week. Strengthening by a third of a percent against the euro and twice that much against the US dollar and Swiss franc. Some of that was later reversed. We are waiting for Construction PMI numbers, but all eyes are on the...
read more
by Charles Purdy | May 7, 2025
It was a turbulent day for sterling yesterday, with sharp rises and falls for GBP/EUR, but continued growth against the US dollar. European exporters including Porsche and Heineken have been warning that the strong euro – on top of tariffs – is a serious threat to...
read more
by Jonathan Cook | May 6, 2025
After a frantic few weeks, some of the larger, more foundational questions about the US dollar’s (and indeed, the United States in general) short-term future have dissipated. The US dollar rallied to end last week on news of trade talks with China and further evidence...
read more
by Jonathan Cook | May 6, 2025
Persistent inflation did not have too much of an effect on the euro to end last week. That perhaps reflects both the gap between the next ECB decision (June) as well as the likelihood that price pressures will soon be eased by the lower cost of petrol and a strong...
read more
by Jonathan Cook | May 6, 2025
A good week for the pound was cancelled out by a slide across Thursday and Friday. While policymakers are widely expected to announce a minor cut for interest rates, the present danger is they could signal larger cuts on the way. A more aggressive posture from the...
read more
