The pound can ill afford to count its chickens yet. This week is a gauntlet of key data points. It would take a very brave person to bet that it will emerge on the other side completely unscathed.
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Without much data to be concerned about, the euro has been able to enjoy the show from a safe distance. EUR/USD returned another solid performance last week, a trend that may continue given the risks to the US…
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The narrative around the US dollar has changed so fast that Wednesday’s inflation figures have become an afterthought. Now that markets have convinced themselves a rate cut is night, much more focus will be allocated to retail sales…
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A wild week in global markets ended on a positive note for sterling, which overcame a period of volatility to end proceedings only slightly down against its major rivals.
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Sterling has bounced back from the four-month lows of last week, gaining about 1% on the euro and US dollar compared to Thursday. However, GBP isn’t out of the woods yet, with a hectic few days for major…
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The US dollar recovered yesterday against the yen, rupee and CHF as better unemployment data emerged, with only 233,000 jobs lost compared to 250,000 last week, and stock markets recovered. We have a quiet few days until Producer…
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A decidedly mixed day for the single currency, with falls against all the dollars (especially AUD) and sterling but gains on the yen and Swiss franc, as investors take a more positive attitude to risk. Next week we…
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The pound regained some of its recent losses yesterday, though without the impetus of any new data – more a rebound or correction from over-pessimism. Next week there will be plenty of real-life data for the markets to…
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