Tomorrow morning’s economic growth report gives the pound a chance to grasp some good news. GDP is only expected to have expanded by 0.1% in January, but analysts have suggested there is a chance for overperformance given upbeat…
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The largest release of oil reserves in history failed to calm currency markets on Wednesday. The safe-haven US dollar, supported by recent trends and stable inflation data, continued its upward trend, while the pound nudged up to its…
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Sterling begins Wednesday just under a cent stronger against the euro compared to this time last week. The pound has held up remarkably well, considering the threat of an oil crisis, conflict in the Middle East, along with…
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This afternoon’s inflation report could strike a particular chord amid the ongoing crisis. Core and headline consumer price inflation are expected to have registered at manageable annualised rates of 2.5% and 2.4% respectively in February. Anything higher might…
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A wider balance of trade margin would usually be a good sign for the German economy. However, February’s surplus of more than €20 billion was driven by falling exports and an even larger drop for imports. A second…
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The Office for Budget Responsibility (OBR) recently unveiled updated economic forecasts to accompany the spring statement. Events have rendered these hideously outdated. The data agency said yesterday that a prolonged conflict would push headline inflation (previously expected to…
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The dollar eased a touch on Tuesday morning as Trump's de-escalation comments took some heat out of safe-haven demand.
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The euro has fallen further than any other major currency since the conflict began, losing roughly twice as much ground as the pound.
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