by Jonathan Cook | Dec 5, 2024
The pound enjoyed a strong outing on Wednesday as the euro watched from behind its fingers and the US dollar was muted ahead of Jerome Powell’s speech. GBP/EUR has notched several days of consistent rises and the pound is also up on the US dollar since Monday morning....
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by Jonathan Cook | Dec 5, 2024
Michel Barnier’s brief tenure as French prime minster is over after parliament passed a vote of no confidence in his leadership. After a dramatic night of voting that would prompt Barnier to offer his resignation, the euro opened Thursday’s session down against is...
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by Jonathan Cook | Dec 5, 2024
According to Fed chair Jerome Powell, the US economy now looks stronger than it did back in September when interest rates were first cut. Powell was clear in saying that subsequent rate cuts would have to come slowly and thoughtfully, which provided a boost for the US...
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by Jonathan Cook | Dec 4, 2024
The euro stood firm in the face of political adversity on Tuesday but now stares down a crucial vote in French parliament. Michel Barnier’s role of the dice could see high levels of uncertainty creep in before the weekend. EUR/USD actually climbed by a third of...
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by Jonathan Cook | Dec 4, 2024
An interesting sidecar to the JOLTs report was news that the number of “quits” – those who have voluntarily left their positions – rose to 3.33mn in October, the highest level in five months. Perhaps it was this that meant the strong headline labour figures didn’t...
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