by Christopher Nye | Jan 26, 2026
The pound went into the weekend with a bit more spring in its step, after a run of UK data nudged the “soft landing” story back into the foreground. Two potential threats to sterling’s stability have also been neutralised for now: Greenland and Andy Burnham. The...
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by Christopher Nye | Jan 26, 2026
The pound finished last week firmer, helped by signs from PMI that the UK economy may have carried more momentum into the new year than markets had assumed. GBP/EUR swung 1% over the week but ended up where it started, while GBP/USD gained 2% and held it. Coming up...
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by Christopher Nye | Jan 26, 2026
The euro gained more than 3% against the dollar last week, surging on Friday evening as the Trump/Greenland mood turned more doveish. The latest eurozone PMI snapshot continued to signal expansion, with services doing most of the heavy lifting while manufacturing only...
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by Christopher Nye | Jan 26, 2026
The dollar declined in a series of steps over last week, overall ending up 2.3% down on the euro, 2% down on sterling and considerably worse against the commodity backed currencies such as AUD and NOK. This week is all about the US Federal Reserve’s decision on...
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by Christopher Nye | Jan 23, 2026
After an initial wobble caused by the cooling of geopolitical tensions, the US dollar is being supported by yet another solid labour market report, which reinforces the view that the Federal Reserve can afford to keep rates restrictive for longer. That will not please...
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