by Jonathan Cook | Feb 18, 2025
Headline consumer price inflation is forecast to have risen again in January after falling in December. The incongruous result of that is higher inflation, while negative for the economy as a whole, might boost the pound as markets anticipate fewer interest rate cuts....
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by Jonathan Cook | Feb 18, 2025
Unemployment in the UK was unchanged month-on-month at 4.4% in December, avoiding the painful increase in joblessness that many economists had predicted. Average earnings meanwhile rose as expected to a three-month average of 6% including bonuses and 5.9% without...
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by Jonathan Cook | Feb 17, 2025
Sterling benefitted from unexpectedly positive GDP numbers (plus a notably weaker US dollar) to end last week on a high. In just one week, GBP/USD gained almost two per cent while the euro also made gains against the US dollar. The pound is still around its highest...
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by Jonathan Cook | Feb 17, 2025
January is rarely the retail sector’s strongest month but this year was worse than most. A huge 0.9% decline in monthly sales consigned the US dollar to its worst weekly performance of 2025. A plunging dollar will look to start stronger this week but a reappraisal of...
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by Jonathan Cook | Feb 17, 2025
The euro batted back the pound and zoomed upwards against the US dollar last week. Given many analysts had predicted EUR/USD would soon reach parity, that showing was a timely reminder of the single currency’s ability to weather the storm. GBP/EUR: the past year 1 Min...
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