by Jonathan Cook | Nov 26, 2024
New treasury secretary Scott Bessent is a key appointment for the US dollar. We can’t know his precise policies just yet but he is known to be keen on plugging the massive government deficit and will likely go along with Trump’s tariff policies, while possibly...
read more
by Jonathan Cook | Nov 26, 2024
Monday was a happier day for the euro, which combined an almost 1% rise against the US dollar with a smaller but no less significant bump over the pound. The key data for the single currency this week is on the inflation front, which arrives in two batches on Thursday...
read more
by Jonathan Cook | Nov 26, 2024
GBP/EUR’s fall on Monday was more the result of pound weakness than euro strength. Last week’s troubling data set was clearly playing on minds, although the euro couldn’t exactly point to much in the way of improving data. The outlook for this currency pair remains...
read more
by Jonathan Cook | Nov 26, 2024
Currency markets were warmed by an elusive sense of optimism on Monday following rumours that a ceasefire between Israel and Hezbollah was close. Any deal would first have to be approved by the Israeli cabinet today but a weakening US dollar was a sign of improved...
read more
by Charles Purdy | Nov 25, 2024
Sterling starts the week close to its recent long-term highs against the euro and 4.5% stronger than a year ago. After dropping some 7% since September, GBP/USD appears to have stabilised a little, but is back to where it was this week in 2023. With exchange rates...
read more
