Sterling bounced back in some style yesterday, gaining around 0.5% against the euro and US dollar. GBP/EUR is still over 1% down on last week but GBP/USD has recovered last week’s losses. Those factors that led to the…
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Today’s initial jobless claims data is likely to be afforded more importance than usual. Should the number end up well under market forecasts, expect another strong pivot away from the US dollar. Hopefully the reaction is less hysterical…
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The euro is enjoying the swift turnaround from Monday’s drama. As risk appetite improves, the euro has managed to cement its level against the US dollar, while keeping any losses to the pound at a bare minimum.
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The UK housing market is likely to be a main beneficiary of reduced borrowing costs. That process is already well under way according to yesterday’s Halifax house price index, which showed house prices climbed by 2.3% year-on-year in…
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Sterling started to recover some of its losses from earlier this week on Wednesday, as the mood in currency markets pivoted to something more positive.
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The pound has bounced back slightly higher, or at least stopped the decline that had seen it weaken by 2% from its strongest point against the euro (and even more against the US dollar) in the past month.…
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A frenetic start to the week saw calls for the Federal Reserve to announce an emergency rate cut. There was little chance of that happening and markets have duly staged a fightback. However, the US dollar faces a…
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The euro is enjoying something of a renaissance. EUR/USD held at a solid level yesterday, while the euro continues to make hay at the expense of the pound.
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