There hasn’t been much to cheer for sterling sellers lately, but an easing in government borrowing costs contributed to a calmer session on Monday. After approaching a post-2008 high, bond yields have fallen as traders trim the number…
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Petrol prices at UK service stations hit their highest level since late 2023 on Monday as the crisis in the Middle East continued to dominate proceedings.
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Sterling against the euro continues to be largely unaffected by war in the Middle East, despite it sending the oil price to $115 per barrel at the start of this week, some 40% up on a month ago.…
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The ECB’s March projections now see eurozone growth averaging just 0.9% in 2026, a downward revision driven by the global effects of the Middle East war on commodity markets, real incomes and confidence — while headline inflation has…
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In periods of risk aversion, the dollar has been drawing capital flows for safety, with elevated yields adding further attraction for global investors — making it one of the strongest-performing major currencies in recent sessions. However, there are…
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Oil markets ended last week in dramatic fashion. Brent crude futures have now risen more than a third since the last day of February, trading above $113 a barrel on Friday, while the physical price of oil delivered…
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The pound drifted lower into the end of last week, shaped by UK retail sales figures showing a 0.4% fall in February after a strong January, with the Office for National Statistics noting that some spending may have…
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America’s treasury secretary Scott Bessent thinks the Federal Reserve should act more like the Bank of England. This is less of a policy criticism than a structural one. Bessent and his boss at the White House want to…
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