Rival currencies weren’t going to let the euro have its own way for too long. The euro fell against the pound and the US dollar yesterday, as economic data pointed to economic resilience in those economies.
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The UK economy grew by 0.6% between April and May, propelled in large part by its dominant services sector. More detail on that arrives next week with S&P's dedicated sector report.
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The US dollar rocketed up against the euro and the pound on Thursday afternoon, as US retail sales recorded their biggest monthly increase since January 2023.
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After recent data, the question for the Federal Reserve is whether they will cut by 25 basis points (0.25%) or 50 in September. The current consensus remains the former, although there are some shrill voices calling for a…
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The euro is having a fantastic August holiday. EUR/USD reached its highest in 2024 yesterday and the euro isn’t far off matching that against the pound, as its main rivals continue to kick lumps out of each other.
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Whatever optimism the pound drew from the inflation numbers was bittersweet. Despite coming in cooler than expected, price rises still ticked up from June’s 2% to 2.2%. GBP/USD is going strong, yet GBP/EUR has fallen by 2% since…
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The UK economy grew by 0.6% in the second quarter of 2024. Although economic growth was flat in June, a strong performance from the services sector (particularly scientific research) helped the UK post its second consecutive quarter of…
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It’s a game of snakes and ladders for sterling this week as high-level economic data arrives at 7am each day from the UK’s Office for National Statistics. Yesterday it was unemployment and earnings, which indicated that the economy…
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