by Jonathan Cook | Jan 9, 2025
Aside from against the pound, the US dollar moved little against its rivals yesterday ahead of a busy few days. After FOMC minutes, the US dollar will now look ahead to non-farm payrolls and unemployment for fresh direction. EUR/USD: the past year 1 Min 5 Min 1 Hr 1...
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by Jonathan Cook | Jan 9, 2025
A quieter day for the euro allowed to gain sizeable ground on the pound. GBP/EUR finished Wednesday at its lowest level in almost two months – a remarkable turnaround given the euro’s recent struggles. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Jan 9, 2025
Panic spread through gilt markets yesterday. Sterling was the main loser, yet the latest bout of instability evokes uneasy memories of years gone by. Given how quickly sentiment can turn, many in the UK will be hoping it can make a swift recovery. GBP/USD: the past...
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by Jonathan Cook | Jan 9, 2025
A sell-off in UK gilts (government debt) caused the pound to fall sharply against its main rivals yesterday. The yield on a gilt with a ten-year maturity rose to its highest level since 2008, raising concerns that government spending would very soon nudge against the...
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by Charles Purdy | Jan 8, 2025
Unexpectedly strong US jobs data saw the dollar gain again on the pound and the euro. Meanwhile, poor UK industrial data saw GBP slip against EUR before recovering in the afternoon. A report from S&P revealed UK construction has slowed, with its PMI falling to...
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