by Jonathan Cook | Jan 21, 2025
With US markets closed to mark MLK day, the US dollar was on the wrong end of some surprising restraint from the new president. As mentioned above, investors would be wise to strap themselves in for the next few years under a more powerful and unpredictable leader...
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by Jonathan Cook | Jan 21, 2025
EUR/USD climbed to a two-week high yesterday as reports of Trump’s tariff pullback brought relief for the single currency. While he may not have signed anything on Day 1, the euro’s short-term future will very much rest on US trade policy – specifically whether the...
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by Jonathan Cook | Jan 21, 2025
Sterling managed to limit its losses to under 0.3% against the euro yesterday but not without some difficulty. The euro is building up some nice momentum as the pound continues to struggle against forecast interest rate cuts and weak growth. GBP/USD: the past year...
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by Jonathan Cook | Jan 21, 2025
Unemployment in the UK advanced slightly to 4.4% in November from 4.3% the month prior. Average earnings, both with and without additional bonuses, increased by 5.6% in the three months to November, slightly more than had been expected. The pound was little changed...
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by Jonathan Cook | Jan 20, 2025
Sterling enters the week bruised but still afloat after recent stress in the bond market. As UK gilts (government debt) enjoyed their best week from a yield perspective since July, GBP/EUR slid by almost 1% while GBP/USD trended downwards but saw more modest losses....
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