The euro has been positive in recent days, with ups and downs against the pound but strengthening against all major rival currencies over the past week including as much as 1.5% against the Scandinavian currencies. This morning we…
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Sterling has continued to claw back its post-budget losses and is barely down at all against the US dollar and less than 0.7% down on the euro compared to last week. There is very little on the data…
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Following a tricky few days for the pound last week around the budget, the week ahead has even more potential pitfalls. The positive news is that GBP/EUR is currently only down on last Monday by 0.7% and there…
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After a decidedly mixed day for the dollar yesterday, this afternoon we’ll hear the Non-Farm Payrolls result – will it follow the JOLTs job openings in showing a weakening labour market? Next week starts quietly, though there is…
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The single currency has had a positive week, and not just against sterling. There have also been modest gains against the US and Australian dollars. On Monday there are final PMI results in the eurozone.
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Sterling starts November just over 1% down on the start of October against the euro but with no further losses so far this morning. Later today there will be a final reading for S&P Manufacturing PMI, which on…
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Sterling has taken a dive since the budget, dropping around 1.25% against the euro since Wednesday morning and 0.5% against the US dollar. The reaction to the budget, as often happens, took a while to coalesce but 36…
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European Central Bank policymaker, Isabel Schnabel argued that the board does not need to lower interest rates to a level that would stimulate the economy. She said there is no need to go below neutral, meaning the bank’s…
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