by Christopher Nye | Nov 11, 2024
The dollar’s rises have been notable since the election result on Wednesday, but hardly spectacular. That’s partly because of the US Federal Reserve’s dovish 25bp interest rate cut and comments from its boss Jerome Powell the day after. The markets will be quiet...
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by Christopher Nye | Nov 11, 2024
For those holding euros, the good news is that while losses against the dollar have been significant, at around 2% over the past month, and around half that against the pound, it remains up over the past month against most other rivals, especially the Scandinavian and...
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by Christopher Nye | Nov 11, 2024
Compared to last Monday sterling’s only large move (more than 1%) has been against the euro, along with small gains on SEK and CHF. Tomorrow is the start of a round of high-level data, with unemployment and earnings data from 7am. GBP/EUR past year 1 Min 5 Min 1 Hr 1...
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by Christopher Nye | Nov 11, 2024
Over the weekend sterling climbed to a new highest point since the early spring of 2022 against the euro. It is now 5.5% stronger than this time last year and around 7% stronger than the average of the past five years. Sterling continues to struggle against the US...
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by Christopher Nye | Nov 8, 2024
There was a slight bounce back from the dollar’s gains yesterday, with roughly 0.3% drops against GBP, EUR and others. Later today we’ll hear the Michigan Consumer Sentiment index. The markets are likely to be quiet on Monday for Veterans Day. USD/GBP past year 1 Min...
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