by Jonathan Cook | Jan 3, 2025
A scorching start to 2025 for the US dollar saw it record a daily advance of over 1% against both the pound and the euro. By yesterday afternoon, GBP/USD had fallen to its lowest level in eight months. Things were quiet in European markets, although this morning’s...
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by Christopher Nye | Jan 2, 2025
It hardly needs pointing out that the dollar has carried all before it over the past month, but those gains appear to have run their course for now. Watch out for unemployment data today and PMI tomorrow. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Christopher Nye | Jan 2, 2025
There was little movement for the single currency over recent days and it starts this month largely mirroring sterling, with losses against the dollar but some 3% up on AUD, JPY and NZD compared to the start of December. Coming up today, final PMI results for...
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by Christopher Nye | Jan 2, 2025
After a patchy performance over the Christmas period, with losses against the US dollar but strong gains against JPY, NZD and others, it will be all eyes on the data at the start of 2025. We will get a final result for manufacturing PMI shortly and some mortgage and...
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by Charles Purdy | Jan 2, 2025
The pound strengthened by around 0.5% against the euro on New Year’s Eve and has largely held onto those gains, and the reverse is true against the US dollar, where GBP is back close to its weakest since April. We have just had the Nationwide House Price index,...
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