US industry and labour data put the US dollar on the back foot to end last week. There’s still a bit of uncertainty as to what the numbers are telling us, but markets broadly interpreted them as a…
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The euro rose by more than 1% against the US dollar over the course of last week. After this weekend’s election results, those gains could come under serious threat.
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Friday showed just how valuable certainty is in currency markets. After all the election bluster was put to bed, the pound made steady gains over the euro and the US dollar to enter the new week on a…
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Sunday’s final round of the French elections resulted in a surprise few could have predicted. After the far right won last week’s first round of voting, the hastily mobilised alliance between the far left and the green parties…
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The US dollar lost across the board yesterday, ahead of Non-Farm Payrolls data that is expected to follow other recent results in showing a softening US economy. Analysts now swing 66% in expectation of the 0.25% interest rate…
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The single currency has strengthened in the past 24 hours, with France’s pivotal election result expected on Sunday. German industrial production has just been reported to have weakened by a surprising 2.5%, its worst performance since December 2022.
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Labour’s landslide win has had a negligible impact on sterling as it has been priced in for some weeks. However, sterling is close to 1% stronger against the US dollar, yen and Swiss franc than last week.
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As predicted, the Labour Party won the British general election, winning a majority of around 170 seats in a dramatic turnaround from the “Get Brexit Done” election of 4.5 years ago. It was the worst ever election result…
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