Over the weekend sterling climbed to a new highest point since the early spring of 2022 against the euro. It is now 5.5% stronger than this time last year and around 7% stronger than the average of the…
Read more
›
The dollar’s rises have been notable since the election result on Wednesday, but hardly spectacular. That’s partly because of the US Federal Reserve’s dovish 25bp interest rate cut and comments from its boss Jerome Powell the day after.…
Read more
›
For those holding euros, the good news is that while losses against the dollar have been significant, at around 2% over the past month, and around half that against the pound, it remains up over the past month…
Read more
›
Compared to last Monday sterling’s only large move (more than 1%) has been against the euro, along with small gains on SEK and CHF. Tomorrow is the start of a round of high-level data, with unemployment and earnings…
Read more
›
Over the weekend sterling climbed to a new highest point since the early spring of 2022 against the euro. It is now 5.5% stronger than this time last year and around 7% stronger than the average of the…
Read more
›
There was a slight bounce back from the dollar’s gains yesterday, with roughly 0.3% drops against GBP, EUR and others. Later today we’ll hear the Michigan Consumer Sentiment index. The markets are likely to be quiet on Monday…
Read more
›
The euro has weakened by as much as 2% against major rivals over the past week. Against the currencies like BRL and MXN the falls were around 3%, as the continent appears increasingly rudderless politically and at risk…
Read more
›
Sterling had a day of mixed fortunes, gaining against the US dollar, but losing heavily to the Norwegian krone and Australian dollar. Later today chief economist at the BoE Huw Pill will be speaking. Next week the higher-level…
Read more
›
