Having spent most of March gaining on the euro, sterling reversed direction on Friday and lost most of a cent within a few hours. Will that continue today or was it simply a correction? The worry for those…
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The dollar still tends to benefit when the world feels uncertain, even when the US is a central character in the story. If markets start thinking the conflict could broaden, you can get a tug-of-war between safe-haven demand…
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The euro’s tone is still being pulled in two directions. On the one hand, the European Central Bank (ECB) is signalling it can’t relax yet, because higher energy prices can feed through into broader inflation. On the other,…
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Sterling fell sharply on Friday against the euro, but will that continue today? The prompt seems to have been a general loss of faith in UK finances, as government borrowing costs rise and the economy remains stuck amidst…
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Having spent most of March gaining on the euro, sterling reversed direction on Friday and lost most of a cent within a few hours. Will that continue this morning or was it simply a correction? The worry for…
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The dollar’s sharpest decline yesterday was against the pound, taking us close to where we were before the conflict in Iran began. There were smaller losses to fellow safe havens the Swiss franc and Japanese yen, but it…
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The ECB is dealing with the same uncomfortable trade-off: higher energy costs can lift inflation in the short term, but they can also sap growth. Traders have been focused on what its interest rate setters will do next…
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GBP/USD was heading back to its pre-Iran-attack position yesterday, gaining some 1.4%, after the Bank of England altered course on interest rates. However, next week is a busy one for data and little of it has been going…
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