Sterling gained steadily over the euro on Wednesday after the Office for National Statistics (ONS) announced inflation had climbed to 2.3% in October – its highest level since April. Both the pound and the euro could not stall…
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The pound recovered from the doldrums it’s been in for the past five days this morning as a sharp uptick in inflation kiboshed lingering hopes of an interest rate cut in December. Inflation in the UK returned to…
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The world’s great safe-haven currency did not benefit as it usually would from Tuesday’s bleak geopolitical developments. The US dollar has still had an immensely strong November but a reversal of that usual dynamic was an odd footnote…
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The single currency has managed to hold onto last week’s level against the pound, by and large. Its performance against the US dollar has been meeker, although the same could be said for almost every global currency.
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Andrew Bailey’s appearance in parliament yesterday added to the sense of anticipation ahead of next month’s monetary policy meeting. The economics might suggest a cut is imminent but the recent budget and today's inflation report could persuade the…
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Inflation in the UK returned to a six-month high of 2.3% in October, spurring a rally for the pound on market open this morning. Part of this bounce reflected energy regulator Ofwat's increased price cap, which caused significant…
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Donald Trump still has to wait two more months until he is sat in the Oval Office again. For the US dollar, there is a degree of uncertainty here as there is still much Joe Biden could achieve…
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The euro has had a year to forget but it is looking to scrape back some of its losses against the pound. Despite having fallen by almost 5% year-on-year, the euro has climbed by over a cent against…
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