After the dollar’s dramatic climb against the euro and the pound on Thursday, the European currencies only made negligible gains going into the weekend. After the markets reopened on Thursday, USD climbed by almost 1% against both GBP…
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After significant losses against USD when the markets reopened on Thursday, GBP has begun a slow claw back of lost ground. Later this morning, we’ll get a final result for Services PMI, and tomorrow more retail sales and…
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After the markets opened on Thursday and USD saw its dramatic climb, the currency held steady going into the weekend. However, it’s difficult to predict if the currency will continue to see gains or even hold its position…
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The euro closed out the week with mixed results, but having lost across the board since the markets reopened. Multiple eurozone countries are scheduled to release highly influential inflation and unemployment rate reports tomorrow.
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After sweeping all before it to end 2024, the US dollar began the fresh year with its momentum intact. In a release that could spell trouble ahead, today’s manufacturing PMI figures are projected to show the ninth straight…
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GBP/EUR was a much less active battleground than against the US dollar yesterday. Without much in the way of meaningful data, markets allowed themselves to be dictated by risk sentiment and economic narratives.
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Sterling resumed its Sisyphean task of pushing back against a dominant US dollar yesterday. While initially unsuccessful, the pound proved last year it can pack a punch should the US dollar falter.
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A scorching start to 2025 for the US dollar saw it record a daily advance of over 1% against both the pound and the euro. By yesterday afternoon, GBP/USD had fallen to its lowest level in eight months.
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