by Jonathan Cook | Dec 17, 2024
The Federal Reserve’s traditional blackout period before an interest rate decision left the US dollar searching for impetus on Monday. EUR/USD was little moved, while the US dollar slid against the pound. This afternoon’s retail sales release will at least give US...
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by Jonathan Cook | Dec 17, 2024
This morning’s German Ifo business climate survey should provide a little direction for an increasingly muted euro. With little significant European macro news to navigate before Christmas, the euro’s quest to finish the year strong may be more reliant on the poor...
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by Jonathan Cook | Dec 17, 2024
The crucial services sector is a fairly reliable barometer of the pound’s success. After hitting a 13-month low in November, it was no surprise to see the pound get a little bump after S&P Global services data recovered in December. That was just the start of the...
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by Jonathan Cook | Dec 17, 2024
Sterling enjoyed a promising start to the last significant week of 2024. Positive UK services data, coupled with some less chipper news from the land of European manufacturing, allowed the pound to add half a cent against both the euro and the US dollar. This...
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by Charles Purdy | Dec 16, 2024
Having broken through to an eight-year high last week, GBP/EUR promptly dropped by more than 1% at the end of the week and a similar amount against the US dollar. The gain midweek had been prompted by the European Central Bank (ECB) cutting its main interest rate from...
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