Sterling’s short-term direction is likely to be closely linked to both data and the opinions of the Bank of England. Markets are currently fairly split between expecting a hold and a cut at its December meeting but more…
Read more
›
The pound fell against the euro on Monday as last week’s cocktail of bad economic news hung like a cloud over the British economy. A sleepy early-week economic schedule meant little could transform sterling’s fortunes, although there may…
Read more
›
Last week the economic data turned against sterling, with predictable results. The pound has lost close to 0.75% against the euro over the past week, 2% against the US dollar and somewhere between those two against other major…
Read more
›
The dollar’s gains continued into the week after the election result, again with the pound the biggest loser. On Friday USD/GBP hit its best rate since May this year. It’s looking a little quieter for data this week,…
Read more
›
About the only bright spot in the single currency’s week was its improvement against sterling (albeit it is still close to two-year lows). There will be comments from key members of the European Central Bank (ECB) over the…
Read more
›
After last week’s drop in the value of sterling, virtually across the board, what does this week hold? Not a great deal on the data front until midweek, when matters liven up considerably with the inflation reading. Then…
Read more
›
Last week the economic data turned against sterling, with predictable results. The pound has lost close to 0.75% against the euro over the past week, 2% against the US dollar and somewhere between those two against other major…
Read more
›
The dollar has been all-conquering again this week, with economic performance looking good. Will the USA’s economic data continue to point away from an interest rate cut in December? This afternoon there will be retail sales data to…
Read more
›
