by Julian Benson | Oct 29, 2024
October has been a rocky month for the pound, which has lost just over 3% against the US dollar in the last 30 days. Economists are listening out for key US data today which may exert pressure on the pair should they hint at smaller Fed rate cuts, however, with the...
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by Julian Benson | Oct 29, 2024
The pound starts the day largely unchanged against the US dollar and slightly higher against the euro this morning. With little high-impact economic releases today, investors and economists look to the key data for guidance. Retail sales volumes in the UK fell by -6%...
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by Charles Purdy | Oct 28, 2024
The pound reaches the last week in the month slightly up on euro compared to the start of the month and some 4.5% up on last year. However, sterling is 3% down on the US dollar compared to last month. The dollar’s strength seems to be largely based on what might...
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by Jonathan Cook | Oct 28, 2024
The pound enters a key week that centres around the autumn budget, the Labour government’s first major economic moment and one that threatens whatever fragile recovery sterling made in the back half of last week. Overall, GBP/EUR shook off a couple of peaks and...
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by Jonathan Cook | Oct 28, 2024
Given we are just two years removed from Liz Truss, we need only invoke those memories to underscore how impactful economic plans can be on the pound. Rachel Reeves will be hoping for a less eventful day on Wednesday but judging by the scale of the challenge facing...
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