The pound soared to a one-year high against the US dollar yesterday after data showed the US labour market was weaker than initially expected. The pound is currently 2.5% higher than this time last year.
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The US dollar has recorded three days of losses against a basket of rival currencies on the trot. As the US awaits comments from the Fed, the broader market pivot to a risk on tone has seen the…
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The ECB was the first major central bank to the monetary loosening party. If market predictions are anything to go by (and we’d be the first to cast doubt on this), then the euro should brace for the…
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GBP/USD continued to climb on Tuesday and analysts at Scotiabank expect that to continue. According to them, technical factors and the absence of major economic data mean that the pound could climb even further in the coming days,…
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The US dollar continued to plunge on Tuesday, heading down towards its yearly lows against both the pound and the euro. Its rapid fall from grace has been fuelled in large part by a key week for the…
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The US dollar continued its losing streak against the euro yesterday, taking its monthly losses to 2.25%. The currency pairing reached a level not seen since the first trading day of January, likely influenced by highly anticipated rate…
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A Bank of America survey revealed around three quarters of economists believe the US economy will escape a recession. That’s a massive reversal in mood in such a short space of time, although markets continue to worry about…
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It isn’t just the pound that’s going well. EUR/USD has also made some impressive progress, ending Monday’s trading at its best since the very first days of 2024.
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