by Charles Purdy | Mar 23, 2026
Having spent most of March gaining on the euro, sterling reversed direction on Friday and lost most of a cent within a few hours. Will that continue this morning or was it simply a correction? The worry for those buying euros is that having failed to break through a...
read more
by Christopher Nye | Mar 20, 2026
The dollar’s sharpest decline yesterday was against the pound, taking us close to where we were before the conflict in Iran began. There were smaller losses to fellow safe havens the Swiss franc and Japanese yen, but it does appear that the mood has turned less risk...
read more
by Christopher Nye | Mar 20, 2026
The ECB is dealing with the same uncomfortable trade-off: higher energy costs can lift inflation in the short term, but they can also sap growth. Traders have been focused on what its interest rate setters will do next and whether the energy shock starts to show up in...
read more
by Christopher Nye | Mar 20, 2026
GBP/USD was heading back to its pre-Iran-attack position yesterday, gaining some 1.4%, after the Bank of England altered course on interest rates. However, next week is a busy one for data and little of it has been going the chancellor’s way of late. On Tuesday we...
read more
by Charles Purdy | Mar 20, 2026
Sterling gained across the board yesterday, including well over 1% against the US dollar, Canadian dollar, rupee, baht and others. Gains against the euro were limited to around 0.25%, but only because the euro was itself flying high. The prompt for sterling’s boost...
read more
