by Christopher Nye | Nov 1, 2024
After a decidedly mixed day for the dollar yesterday, this afternoon we’ll hear the Non-Farm Payrolls result – will it follow the JOLTs job openings in showing a weakening labour market? Next week starts quietly, though there is ISM Services PMI on Tuesday. However it...
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by Christopher Nye | Nov 1, 2024
The single currency has had a positive week, and not just against sterling. There have also been modest gains against the US and Australian dollars. On Monday there are final PMI results in the eurozone. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Christopher Nye | Nov 1, 2024
Sterling starts November just over 1% down on the start of October against the euro but with no further losses so far this morning. Later today there will be a final reading for S&P Manufacturing PMI, which on the first reading had slipped significantly compared...
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by Charles Purdy | Nov 1, 2024
Sterling has taken a dive since the budget, dropping around 1.25% against the euro since Wednesday morning and 0.5% against the US dollar. The reaction to the budget, as often happens, took a while to coalesce but 36 hours later the sell-off of government bonds has...
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by Julian Benson | Oct 31, 2024
European Central Bank policymaker, Isabel Schnabel argued that the board does not need to lower interest rates to a level that would stimulate the economy. She said there is no need to go below neutral, meaning the bank’s 2% target. She instead recommended, “A gradual...
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