The single currency has recovered a little after its post-US election decline, but EUR/USD is still 3% than a month ago. The week ends with final inflation results in some euro economies, including France and Italy.
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Sterling has slipped further in early trading this morning, particularly against the euro, as markets consider the decline in GDP in September. Next week the data ramps up, with inflation on Wednesday.
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Sterling has reached the end of the week slightly down against the euro and 2.5% down against the US dollar. The euro has weakened by a similar amount against a resurgent dollar, which is stronger by at least…
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Fed chair Jerome Powell faces the media again on Thursday and can expect many more questions about his relationship with Donald Trump. Powell was notably frosty in answering those questions last week but US markets certainly see the…
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The euro limited any major losses yesterday with the help of some much-needed certainty coming out of Berlin. The major parties have set a date for a vote of confidence in the current coalition, clearing a path to…
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Sterling has been batted about this week in the face of overwhelming US dollar strength. Its next chance to seize the narrative is with GDP tomorrow, although few economists are predicting a serious uptick in economic growth.
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Headline US inflation climbed to 2.6% in October, a development which failed to put the brakes on the US dollar’s barnstorming week. Sterling fell on publication off the news but recovered some of its momentum by the end…
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The pound took a bit of a battering yesterday, as September’s unexpectedly poor employment report triggered a fall. However, given its recent strength, GBP/EUR’s fall of three quarters of a cent meant it only retreated to where it…
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