There was little movement for sterling yesterday, and what there was, was mixed, drifting slightly against the euro but building against the US dollar. It was a tale of interest rates again. Governor of the Bank of England…
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Political drama in Paris dominated airwaves on Wednesday, serving to disguise some of the more significant impacts of the budget meltdown. For one thing, many French people will now be forced to pay more tax due to the…
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The pound enjoyed a strong outing on Wednesday as the euro watched from behind its fingers and the US dollar was muted ahead of Jerome Powell’s speech. GBP/EUR has notched several days of consistent rises and the pound…
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Michel Barnier’s brief tenure as French prime minster is over after parliament passed a vote of no confidence in his leadership. After a dramatic night of voting that would prompt Barnier to offer his resignation, the euro opened…
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According to Fed chair Jerome Powell, the US economy now looks stronger than it did back in September when interest rates were first cut. Powell was clear in saying that subsequent rate cuts would have to come slowly…
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The euro stood firm in the face of political adversity on Tuesday, ceding only a little territory to its rivals as the French government prepares to face a vote of no confidence this evening. Unexpectedly hot data from…
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An interesting sidecar to the JOLTs report was news that the number of “quits” – those who have voluntarily left their positions – rose to 3.33mn in October, the highest level in five months. Perhaps it was this…
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The euro showed admirable resilience to uncertainty in Paris yesterday. It’s safe to say there will be no such reprieve should a vote of no confidence pass. That would open up a seperate can of worms, the likes…
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