The pound has climbed again this morning, in particular against the euro, following news that inflation has failed to fall quite as expected in the past month. GBP/EUR is now close even to beating the longstanding high of…
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Currency markets have a habit of focusing on only what they want to hear. That has been the case in recent days as expectations of interest rate cuts increase. It might now require a truly shocking piece of…
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If the fall in the German ZEW study was sharp, it was small potatoes compared to the eurozone. The bloc-wide study fell to 43.7 in July, having been expected to hold above 50 in consecutive months for the…
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The International Monetary Fund (IMF) has warned that interest rates could stay higher for longer unless services inflation cools. While headline inflation has fallen to the Bank of England’s target, services inflation remains elevated, staying unchanged at 5.7%…
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UK inflation was unchanged at 2% in June 2024, marking the second consecutive month it has held at the Bank of England's target. Although inflation remains at its lowest pace in three years, the pound was on the…
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The twin factors of politics and monetary policy are driving US dollar movements to begin the week. If Trump were to prevail in the election, it’s hard to know how the currency would react. As a leader he…
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The euro began the week holding firm at its highest level against the US dollar in over a month. That strength comes ahead of the European Central Bank’s meeting this week, at which it is expected to leave…
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Wednesday’s inflation figures loom as the biggest threat to sterling’s ascendency. Currency markets can change in the blink of eye, however, and sometimes from unexpected causes. The Bank of England’s Swati Dhingra proved that yesterday, using a podcast…
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