by Jonathan Cook | Feb 3, 2025
Thursday’s Bank of England interest rate decision is the headliner of another big week for the pound. GBP/EUR ended Friday at its highest level in over three weeks but the prospect of another 0.25% cut to interest rates threatens that platform. These matters soon...
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by Christopher Nye | Jan 31, 2025
It was a broadly positive day for the US dollar, with gains against all but the yen and rupee. We’ve got some core inflation numbers this afternoon, and income and spending. Next week attention turns to the labour market, with JOLTs job openings and Non-Farm Payrolls....
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by Christopher Nye | Jan 31, 2025
After the excitement of the interest rate decision yesterday from the ECB, amid a mass of industrial and economic data, the euro remained remarkably steady. The data continues shortly though, with German unemployment and inflation numbers and then eurozone-wide...
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by Christopher Nye | Jan 31, 2025
Sterling has reached the end of the month around 1% down on the euro and 0.65% down on the US dollar, but having experienced wild swings through the month. We have just had a reading for house prices from the Nationwide, but there is nothing much for the markets to...
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by Charles Purdy | Jan 31, 2025
The pound’s penultimate day of January was a mixed affair, with small losses and gains as the markets analysed a welter of data. Given the decision of the European Central Bank (ECB) to lower interest rates yet again – the fifth cut since last summer, and with another...
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