A mixed week for USD arrives at Friday between 0.4 and 1.4% down on its top rivals over the whole week, as cooling inflation underlines the call for interest rate cuts. It’s a quiet end to the week…
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It’s been a positive week for the euro on the whole, albeit with notable falls against the yen and Swiss franc and a move to fresh lows against the sterling. After the excitement of yesterday’s interest rate decision…
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The pound has been both buffed up and buffeted by economic data, in a busy week – some data making the case for interest rate cuts and others against. Still, sterling remains strong. Economic reports quieten down next…
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After days in which sterling hit fresh two-year highs, the pound climbed down off its peak yesterday against both the euro and US dollar, with further small falls this morning. However, it remains almost 2.5% stronger than this…
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An increase in building permits only served to slow a US dollar fall. Markets are very much pricing in those Federal Reserve cuts, which has led to a painful drain in US dollar appetite over this week.
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News that eurozone inflation came in at 2.5% in June is unlikely to convince the European Central Bank to change interest rates today, according to the majority of the financial world. However, policymakers are likely biding their time…
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News that UK inflation had remained unchanged at 2% in June was partly blamed on Taylor Swift, of all people. The US pop-star’s mammoth UK tour led to a significant increase in hotel and transport costs last month,…
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A day of European success saw the euro and the pound each climb to their highest level against the US dollar this year. Robust building data failed to prevent more pressure being heaped on the US dollar, while…
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