by Jonathan Cook | Nov 3, 2025
Sterling starts Monday close to its weakest against the euro in two years. After another week of uncertainty, the uncomfortable truth is that things might have to get worse before they get any better. As we’ll explain in a moment, there is a very real chance that the...
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by Jonathan Cook | Nov 3, 2025
As the government shutdown continues, it has become impossible to accurately gauge the state of the US economy. That didn’t seem to trouble the US dollar last week, which strengthened to its best level in months against the pound and the euro. However, every day that...
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by Jonathan Cook | Nov 3, 2025
The pound continued to struggle against the euro last week, although a rally on Friday afternoon helped it end proceedings more or less where it had began. Recent dynamics have hardly been helped by the European Central Bank’s serene monetary policy decisions, which...
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by Jonathan Cook | Nov 3, 2025
Thursday’s interest rate decision now appears to be in the balance, a scenario that would have seemed borderline impossible just weeks ago. Could the Bank be lining up a major shock? It’s certainly possible, which could spell trouble for the pound after another...
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by Jonathan Cook | Nov 3, 2025
Sterling fell to a six-month low against the US dollar to end last week ahead of an interest rate decision from the Bank of England that looks more intriguing by the minute. Based on current trading, currency markets put the chance of an interest rate cut at around...
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