Markets have moved a long way in recent days without much data to back it up. That changes today with inflation figures from the US and the US dollar could move sharply up or down against its rivals…
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Nobody can deny that 2024 has been a bad year for Europe’s key economy. News that its economy will go backwards is negative for the euro but the skies should brighten as we move ahead.
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The impact of the autumn budget on sterling is a key trend to watch this month. Yesterday, Keir Starmer refused to rule out a rise in employer national insurance contributions, while chancellor Rachel Reeves was reported to be…
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Sterling traded blows with the euro on Wednesday as the German government announced the unwelcome news that it had revised down its full-year growth forecasts.
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There were small falls against the US dollar (and others) and a small rise against the euro yesterday, as the currency markets wait for firmer clues on where interest rates will go – essentially how far and…
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Tonight’s publication of FOMC minutes are a precursor to Thursday’s key inflation data. US dollar markets are looking firmly to this set of data to inform their next move.
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Following this morning’s German data, the euro now faces a pretty quiet spell on the macro front. Investors will be hoping it can find something to cling onto as the UK and the US dissect key reads.
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The pound’s tentative recovery yesterday marked the first sign of a market correction. Sterling has a long way to go but it could benefit from a rethink over interest rates and any improvement to the situation in the…
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