The new Labour government spent a long time making plans for when they entered government. Happily for the pound, this has already translated to the launch of several policies, including the National Wealth Fund. The hope is that…
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The US dollar reversed its losses on Tuesday afternoon after comments from Federal Reserve chair Jerome Powell. The pound and the euro both fell by around half a cent post lunch, having risen slightly in the morning.
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Sterling made marginal losses yesterday against key currencies, the euro and US dollar, falling by 0.16% on Tuesday afternoon.
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The pound strengthened to a four-week high against the US dollar yesterday amid expectations the Federal Reserve could cut borrowing costs in September. The pound added around 0.2% yesterday, marking its eighth consecutive day of gains against the…
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French stocks suffered at political expense yesterday with the CAC 40 trading slightly down around 7,640. Investors continue to digest the shock result of a hung parliament as focus returns to who will govern France following a lack…
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After falling to multi-week lows against sterling, the US dollar looks to Federal Reserve chair, Jerome Powell’s congressional testimony, due this afternoon, for support and guidance.
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This morning, we heard that British retail sales fell by 0.5% year-on-year, reversing the 0.4% rise in May and missing expectations for a 0.2% gain. The British Retail Consortium suggested the cooler weather dulled consumer spending.
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Last week, the UK saw a major political shift with the appointment of our new prime minister. This change has already begun to impact the markets, with the pound experiencing notable fluctuations.
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