by Christopher Nye | Jan 24, 2025
There was a strong recovery against the US dollar this week, taking the past month close to even. We will get more PMI data soon, notably on German manufacturing – how low can it go? – and then the Ifo Business Climate report on Monday. EUR/USD past year 1 Min 5 Min 1...
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by Charles Purdy | Jan 24, 2025
Sterling staged a bit of a comeback yesterday, bringing it back on a level with where it started the week against the euro and close to 1% up on Monday morning against the US dollar. Although GBP/EUR’s uplift was small, it follows a gentle bottoming out from recent...
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by Jonathan Cook | Jan 23, 2025
The euphoria in American markets is helping to shield the US dollar from the less aggressive actions of the commander in chief. Despite respite on tariffs, the US dollar continues to benefit from a groundswell of positivity that likely has further to run. EUR/USD: the...
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by Jonathan Cook | Jan 23, 2025
European Central Bank president Christine Lagarde said that Trump’s initial restraint on trade tariffs was a “smart approach”. It’s little wonder she would be supportive, given the euro’s recovery and the risks that tariffs would stall growth. Like everyone else,...
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by Jonathan Cook | Jan 23, 2025
Sterling navigated more bad news on the UK’s fiscal health with a strong showing yesterday. Questions still remain about government spending, so the pound’s position is still slightly perilous and could get worse before it gets better. GBP/USD: the past year...
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