by Jonathan Cook | Nov 14, 2024
Fed chair Jerome Powell faces the media again on Thursday and can expect many more questions about his relationship with Donald Trump. Powell was notably frosty in answering those questions last week but US markets certainly see the politics of central banking as a...
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by Jonathan Cook | Nov 14, 2024
The euro limited any major losses yesterday with the help of some much-needed certainty coming out of Berlin. The major parties have set a date for a vote of confidence in the current coalition, clearing a path to a snap election in late February. GBP/EUR: the past...
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by Jonathan Cook | Nov 14, 2024
Sterling has been batted about this week in the face of overwhelming US dollar strength. Its next chance to seize the narrative is with GDP tomorrow, although few economists are predicting a serious uptick in economic growth. GBP/USD: the past year ...
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by Jonathan Cook | Nov 14, 2024
Headline US inflation climbed to 2.6% in October, a development which failed to put the brakes on the US dollar’s barnstorming week. Sterling fell on publication off the news but recovered some of its momentum by the end of the end of the afternoon session. GBP/EUR...
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by Charles Purdy | Nov 13, 2024
The pound took a bit of a battering yesterday, as September’s unexpectedly poor employment report triggered a fall. However, given its recent strength, GBP/EUR’s fall of three quarters of a cent meant it only retreated to where it ended last week. Against the US...
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