The pound enjoyed a better day on Tuesday, climbing steadily by half a cent against the euro and the US dollar across the session. That progress masked a broader instability for sterling as talk of interest rate cuts…
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It’s a testament to how quickly market sentiment shifts that the US is now debating if the outlook has altered from a soft landing to no landing at all. This scenario would see the economy maintain growth while…
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The euro has finally started to push back against the pound after dipping to its lowest in several years recently. That has more to do with the Bank of England than economic data from the eurozone, mind you.
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Bank of England chief economist Huw Pill’s efforts to balance Andrew Bailey’s comments last week went largely unheard by markets. Sterling began the week by ceding more ground to the euro and the US dollar as some are…
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Sterling continued a wretched streak of performances to start the week, falling again against the US dollar and the euro. Currency markets remain locked in a risk management exercise, with conflict in the Middle East and the possibility…
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After a sharp fall midweek, the pound has staged a slow recovery against the euro since then that has taken it close to the 30-month highs of late September. There’s no sign of recovery against the US dollar,…
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The Halifax House Price Index in the UK increased 4.7% in September, the most since November 2022, following a 4.3% rise in August. Compared to last month, house prices increased by 0.3%, above forecasts of 0.2%, bringing the…
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Factory orders in Germany shrank 5.8% month-on-month in August, compared with market forecasts of a 2% fall and after 3.9% growth a month prior. This is the steepest decline since January and is largely due to big-scale orders…
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