After a wave of soft data left the pound ever-so-slightly in the red against the US dollar and euro last week, investors hope for a better performance ahead of the Bank of England’s interest rate decision on Thursday.
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Yesterday’s excellent news on economic growth was no help to the US dollar as USD had a mixed day including falls against EUR, CAD and AUD but strengthening against the pound, rupee and yen. What will Personal Income…
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As Olympic teams prepare for the opening in Paris tonight, the euro was the big winner with gains against almost all-comers, particularly the pound (+0.3%) and yen (+0.6%) yesterday. It’s a busy end of the week for eurozone…
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Sterling reaches the end of the week essentially unchanged against the euro and a little down on the US dollar. There isn’t a great deal of data in the early part of next week, with the main event…
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The pound has suffered 36 hours of heavy weather and is around 0.3% down on the week against the euro and a little more against the US dollar. Sterling weakened yesterday in lockstep with tech stocks, with the…
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Ahead of the Bank of Japan’s policy meeting next Wednesday, the Japanese yen gained over 1% against the US dollar yesterday, taking its monthly gains to 4.25% against the American currency.
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Tomorrow, the summer games kick off in Paris. An economic study compiled by CDES predicts that the 2024 Games (Olympics and Paralympics) could deliver up to €11 bn in economic benefits. The forecast expects the organisation of the…
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A recent study from the Institute for Fiscal Studies (IFS) found that as many as 320,000 UK adults have been forced into poverty by soaring mortgage costs after recent interest rate hikes affected their affordability. Between December 2021…
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