Sterling starts the week close to its recent long-term highs against the euro and 4.5% stronger than a year ago. After dropping some 7% since September, GBP/USD is back to where it was this week in 2023. The…
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Further rises for the US dollar, taking USD/GBP close to its best for six months and USD/EUR teetering on a two-year high. The usual PMI reports will be out this afternoon and on Monday the analysts will be…
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The euro fell across the board yesterday, largely due to dovish tones from at least one European Central Bank policymaker. It has perked up against sterling this morning, however. The final reading for Germany’s Q3 gross domestic product…
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Despite weakening this morning, sterling has reached the end of the week pretty much where it was last Friday against the euro, but 0.75% down against the dollar. Later this morning we’ll hear PMI (Purchasing Managers’ Index) reports…
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After a solid day of gains yesterday the pound has fallen in early trading this morning, as a busy day for high-level data gets underway. Worth pointing out, however, that the pound is still strong relative to recent…
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A handful of Federal Reserve members are delivering remarks today ahead of next week’s schedule of data. The lack of hefty US economic news this week has allowed attention to wander into geopolitics and it could take the…
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The euro is coming under sustained pressure from major currencies but particularly the US dollar. Due to the eurozone’s grim economic and political outlook, it has been simply unable to push back on those advances this week. EUR/USD…
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The fact that inflation rose in October was a cause for concern for the UK but one that could benefit sterling. It wasn’t until the very last days of October that Rachel Reeves delivered the autumn budget –…
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