The pound had a mixed Boxing Day, weakening against the US dollar and euro, though faring better against the Canadian dollar and Japanese yen.
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The pound began the festive week on the back foot after UK GDP growth was revised down to zero in the three months to October.
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A quiet and risk-off end to 2024 means the US dollar approaches Christmas close to its strongest in two years. Despite the pretty poor outcome of last month’s durable goods report, markets were satisfied the US dollar had…
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Based on recent figures, the British economy is crying out for substantial investment. It was good timing then that Monday’s GDP revision was tempered by a 5.8% annual increase in business investment. Sustaining that sizeable economic input could…
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The euro held its ground against the pound while falling back slightly against the US dollar yesterday. The euro looks set to end the year dangerously close to its lowest mark in two years against its key rivals.…
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At the end of last week sterling fell sharply from recent highs against the euro, and to the lowest level against the US dollar since the spring. However, against the euro at least the pound remains in a…
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Although the last few days have seen some volatility, there has been little diversion from the direction of travel this quarter of an increasingly strong dollar. Tomorrow there will be a Durable Goods Reading before the Christmas shut…
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The euro has strengthened against almost all major currencies in recent days, although the rises have been modest. There is some Spanish industrial and inflation data coming out today and in the next few days, but the wires…
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