by Christopher Nye | Feb 14, 2025
It was an entirely negative day for the US dollar, with drops of around 1% against most major currencies including the pound. This afternoon we will get retail sales data, then on Monday the markets are closed for George Washington’s birthday. USD/GBP past year 1 Min...
read more
by Christopher Nye | Feb 14, 2025
The euro also had a positive day against the US dollar yesterday, strengthening by around 0.75%. There was little movement elsewhere, but we will shortly get the eurozone’s GDP result – a potential sting in the tail for the week. EUR/USD past year 1 Min 5 Min 1 Hr 1...
read more
by Christopher Nye | Feb 14, 2025
Against a basket of currencies the pound has gained close to 2% since mid-January and a little more over the past year. The GDP result will certainly have helped, and next week we have more high-level data, with unemployment and earnings on Tuesday and inflation on...
read more
by Charles Purdy | Feb 14, 2025
Sterling leapt to its best level of 2025 against the US dollar yesterday, after greater than expected growth in the UK economy. Gross Domestic Product (GDP) for December showed 0.4% growth, taking the quarterly number into the positive, albeit only just. That takes...
read more
by Jonathan Cook | Feb 13, 2025
With headline consumer price inflation at its highest since June 2024, markets are appraising the prospect of tariffs in a new light. Any trade restrictions will likely have an inflationary impact and that could be a drag on the US economy, and therefore to the US...
read more
