The new Labour government are desperate for some economic good news after adopting doom and gloom messaging. July’s GDP figures are expected to present an improvement from June’s zero growth, although there is far more potential to be…
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A risk-off tone in financial markets meant the US dollar rebounded from more disappointing labour figures to end last week.
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It’s not been a particularly sunny start to the month for the US dollar, which has weakened against the Swiss franc, euro and pound, and by over 2% against JPY in the past week. Moreover, we’re back in…
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Having heard Germany’s Balance of Trade shrinking earlier, the top-level data continues shortly with eurozone GDP and employment. Will any of that influence the ECB as it gathers next week to decide interest rates? A further 25 basis…
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It was positivity all round in the UK housing industry with construction up, mortgages down and prices rising. Looking ahead, almost no movement in GBP/EUR for 10 days should not lull anyone into a false sense of security,…
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Sterling was becalmed yesterday against the euro and US dollar. The dollar itself weakened by around 0.25% against major currencies as America’s labour market appeared to loosen further. The euro gained against all but sterling, as a notably…
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The US dollar has suffered post Labor day as a couple of high-profile economic disappointments raise the temperature for the Federal Reserve. The US dollar has ceded ground to both the euro and the pound since Tuesday.
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Financial analysts will tell you EUR/USD may come under pressure soon due to mathematical trading models – collectively known as technical factors. Yesterday though, it benefited from economic fundamentals, particularly the US JOLTs job openings report.
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