by Jonathan Cook | Dec 3, 2024
Similar to a US government shutdown, the political skulduggery in Paris is focusing attention on the euro and the price of French government debt. Politics caused some weakness for the euro on Monday but the real volatility will come should the budget result in a vote...
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by Jonathan Cook | Dec 3, 2024
With Keir Starmer due to deliver a “reset” this week after seeing his approval ratings plummet, the pound could do with the same. One bad day saw most of GBP/USD’s gains from last week wiped out and, while pressure on the euro limited sterling’s pain, fresh momentum...
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by Jonathan Cook | Dec 3, 2024
Sterling loosened its stranglehold over the euro on Monday as British manufacturing output fell in November. S&P Global’s manufacturing PMI survey was revised lower to 48 in November, its weakest level since February. Over in the USA, Donald Trump was busy...
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by Charles Purdy | Dec 2, 2024
A new week and a new month see the pound in a commanding position against the euro and fighting back strongly against the US dollar. GBP/EUR is 1.5% better than this time last month and very close to its best position since March 2022. To fix that rate for the next...
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by Christopher Nye | Dec 2, 2024
Last week saw the fightback against the US dollar, with losses of some 1% to 2% against most rivals, including the pound. Jobs are the major focus this week, with JOLTS job openings tomorrow and Non-Farm Payrolls on Friday. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1...
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