by Jonathan Cook | Nov 19, 2024
Sterling’s short-term direction is likely to be closely linked to both data and the opinions of the Bank of England. Markets are currently fairly split between expecting a hold and a cut at its December meeting but more aggressive tones from either the European...
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by Jonathan Cook | Nov 19, 2024
The pound fell against the euro on Monday as last week’s cocktail of bad economic news hung like a cloud over the British economy. A sleepy early-week economic schedule meant little could transform sterling’s fortunes, although there may be a chance for that later in...
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by Charles Purdy | Nov 18, 2024
Last week the economic data turned against sterling, with predictable results. The pound has lost close to 0.75% against the euro over the past week, 2% against the US dollar and somewhere between those two against other major rivals. However, while the recent...
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by Christopher Nye | Nov 18, 2024
The dollar’s gains continued into the week after the election result, again with the pound the biggest loser. On Friday USD/GBP hit its best rate since May this year. It’s looking a little quieter for data this week, but will there be more ‘interesting’ picks for...
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by Christopher Nye | Nov 18, 2024
About the only bright spot in the single currency’s week was its improvement against sterling (albeit it is still close to two-year lows). There will be comments from key members of the European Central Bank (ECB) over the next few days, as we approach their next...
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