It hardly needs pointing out that the dollar has carried all before it over the past month, but those gains appear to have run their course for now. Watch out for unemployment data today and PMI tomorrow.
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There was little movement for the single currency over recent days and it starts this month largely mirroring sterling, with losses against the dollar but some 3% up on AUD, JPY and NZD compared to the start of…
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After a patchy performance over the Christmas period, with losses against the US dollar but strong gains against JPY, NZD and others, it will be all eyes on the data at the start of 2025. We will get…
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The pound strengthened by around 0.5% against the euro on New Year's Eve and has largely held onto those gains, and the reverse is true against the US dollar, where GBP is back close to its weakest since…
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It was a mixed day for the dollar with gains against the pound, euro and Swiss franc. Coming later today will be house price data, with a steady 4.5% year-on-year increase expected. Don’t expect anything on New Years…
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It was a generally negative start to the week yesterday, with losses against the US, Canadian and Australian dollars and a hefty loss to the yen. There is no real data tomorrow, but Thursday perks up with final…
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There were losses of between 0.3% and 0.8% against major pairs yesterday, although against the euro the pound was relatively stable. Data releases don’t pick up until Thursday, with the Nationwide House Price index, and then mortgage approvals…
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Sterling went into reverse gear yesterday, weakening by half a cent against the US dollar and as much as 0.8% against the Japanese yen. This doesn’t appear to be based on any particular market data, more about a…
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