by Jonathan Cook | Jan 9, 2025
Panic spread through gilt markets yesterday. Sterling was the main loser, yet the latest bout of instability evokes uneasy memories of years gone by. Given how quickly sentiment can turn, many in the UK will be hoping it can make a swift recovery. GBP/USD: the past...
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by Jonathan Cook | Jan 9, 2025
A sell-off in UK gilts (government debt) caused the pound to fall sharply against its main rivals yesterday. The yield on a gilt with a ten-year maturity rose to its highest level since 2008, raising concerns that government spending would very soon nudge against the...
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by Charles Purdy | Jan 8, 2025
Unexpectedly strong US jobs data saw the dollar gain again on the pound and the euro. Meanwhile, poor UK industrial data saw GBP slip against EUR before recovering in the afternoon. A report from S&P revealed UK construction has slowed, with its PMI falling to...
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by Julian Benson | Jan 8, 2025
Higher than forecast job openings in the US have bolstered USD, seeing it rise against GBP and EUR. Though, Fed minutes published later today could introduce volatility to the market. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Jan 8, 2025
Although the euro continues to fall against the dollar, the EU’s record low unemployment rate is putting it in a good position against the UK. However, rising inflation rates may cause stresses for eurozone governments but support the euro. EUR/USD past year 1 Min 5...
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