This morning’s German Ifo business climate survey should provide a little direction for an increasingly muted euro. With little significant European macro news to navigate before Christmas, the euro’s quest to finish the year strong may be more…
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The crucial services sector is a fairly reliable barometer of the pound’s success. After hitting a 13-month low in November, it was no surprise to see the pound get a little bump after S&P Global services data recovered…
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Sterling enjoyed a promising start to the last significant week of 2024. Positive UK services data, coupled with some less chipper news from the land of European manufacturing, allowed the pound to add half a cent against both…
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Having broken through to an eight-year high last week, GBP/EUR promptly dropped by more than 1% at the end of the week and a similar amount against the US dollar. The gain midweek had been prompted by the…
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The dollar made sharp gains over the past week, including nearly 2.5% against the yen 1% against the pound. The big event is the interest rate decision from the US Federal Reserve on Wednesday.
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With the interest rate cut out of the way, the euro recovered from Thursday and ended up a little over the week against the pound and 1% up on the Swiss franc. It’s PMI day today, plus there…
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The pound lost more than 1% against the euro and US dollar between Thursday lunchtime and Friday evening last week, as the markets digested the news of GDP falling in October. A hectic week for data starts with…
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Having broken through a long-held resistance level to an eight-year high last week, GBP/EUR promptly dropped by more than 1% at the end of the week and a similar amount against the US dollar. The gain midweek had…
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