The euro recovered some of its losses last week against the US dollar but has set off down another downward trajectory against sterling. We’ve got some final results for PMI this week, plus ECB president Christine Lagarde speaking.
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Sterling has been gaining over the past week and that accelerated this morning, as investors bet on interest rates staying higher for longer in the UK. Tomorrow morning we’ll hear the British Retail Consortium’s data for November, plus…
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A new week and a new month see the pound in a commanding position against the euro, and fighting back strongly against the US dollar. GBP/EUR is 1.5% better than this time last month. Black Friday sales were…
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The dollar was on the backfoot yesterday. USD/EUR has lost a third of its post-election gains but remains more than 2% stronger than the start of November. The markets remain closed for the Thanksgiving celebrations but reopen on…
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The euro fell against most major currencies yesterday, but at least it has regained some of its losses against the US dollar (although still 2.5% down over the month). German prices fell by 0.2% last month and France’s…
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Sterling held its ground yesterday as a quiet week for UK data ended. Over the week the pound has clambered upwards again after a sharp fall against the euro on Monday and gained 0.75% against the US dollar.…
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Yesterday, with the US markets closed for Thanksgiving, the euro and pound fought back. Against both the US dollar has lost a third of its post-election gains this week, as the money markets continued to row back on…
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A whirlwind month is now at a close for the US dollar. With America (briefly) more engaged by turkey than tariffs, the holiday presents an opportunity for a reset. Wednesday’s data served as a reminder that, for all…
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