by Christopher Nye | Feb 9, 2026
After a week where sterling’s sharp rise was unceremoniously reversed by a rethink on monetary policy, data comes back into the frame from midweek. There is the British Retail Sales monitor on Tuesday morning, then GDP on Thursday. We’ve also got some members of the...
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by Christopher Nye | Feb 9, 2026
The markets looked at the politics and economics of the UK and Europe, and put their money behind the euro at the tail end of last week. After 10 days ago, when EUR/USD hit its best since the spring of 2020, it has slipped back but remains stable. It’s Europe’s time...
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by Christopher Nye | Feb 9, 2026
Last week there was a shock for the US labour market when JOLTs job openings were their worst for over five years. We’ll see if non-farm payrolls supports that trend on Wednesday. It would certainly argue the case for interest rate cuts, so watch out for the dollar...
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by Christopher Nye | Feb 6, 2026
The dollar is being pulled in two directions. On one side, a more hawkish-leaning narrative around Fed leadership has been supportive. On the other, the market still wants cold, hard data before it commits either way. Wednesday brings the rescheduled January jobs...
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by Christopher Nye | Feb 6, 2026
The euro has been steadier than sterling, helped by an ECB that looks comfortable holding rates where they are. The key detail is inflation: January’s drop below target strengthens the argument that policy can stay on a long leash, as long as growth doesn’t roll...
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