Sterling is struggling to overcome its recent struggles. The pound ended yesterday at multi-week lows against the US dollar and the euro and you have to squint very hard to see an escape route in the next few…
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Monday’s mood of panic faded yesterday on the back of a strong fightback from the Japanese market. Things also stabilised in the US and Europe as investors slowly realised their reaction to recent events may have been a…
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The ISM services PMI in the US rose to 51.4 in July from the April 2020 low of 48.4 in June. This exceeded market expectations of 51, indicating the first rebound in US services activity since May.
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On Wednesday morning, investors will be listening out for the German balance of trade figures for June which are expected to fall slightly to €24 bn, from €24.9 bn in May - the largest trade surplus since January…
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There was a sour mood in the air yesterday as global stock markets experienced mass turbulence due to growing concerns surrounding a US recession.
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This morning the BRC retail sales monitor for the UK revealed sales rose 0.3% in July from a year ago, reversing June's 0.5% decline and falling short of market expectations of a 0.5% gain. The return to growth…
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The pound starts the week 1.25% down on last Monday against the euro and slightly under half that much down on the US dollar. Although it takes GBP/EUR to 2.5% weaker than its strongest position this month, it…
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The dam finally broke on the US job market in July. With unemployment now up to 4.3%, markets quickly pivoted to expecting a much more aggressive path for the Fed, which dragged the US dollar down further.
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