by Christopher Nye | Dec 27, 2024
Sterling weakened against the US dollar and euro yesterday, while the markets were closed in the UK. There is no data for the markets to consider today, but we will get a reading for house prices from the Nationwide next Thursday, with the expectation of a final...
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by Charles Purdy | Dec 27, 2024
The pound had a mixed Boxing Day, weakening against the US dollar and euro, though faring better against the Canadian dollar and Japanese yen. There was little data coming out, but Spanish producer prices rose by 0.9%; their first rise for 20 months and well above...
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by Jonathan Cook | Dec 24, 2024
The pound began the festive week on the back foot after UK GDP growth was revised down to zero in the three months to October. A sleepy day for currency markets was marked by thin trading volumes and a general sense of respite. A brief fightback for the pound and the...
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by Jonathan Cook | Dec 24, 2024
A quiet and risk-off end to 2024 means the US dollar approaches Christmas close to its strongest in two years. Despite the pretty poor outcome of last month’s durable goods report, markets were satisfied the US dollar had cleared its last major risk of the year,...
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by Jonathan Cook | Dec 24, 2024
Based on recent figures, the British economy is crying out for substantial investment. It was good timing then that Monday’s GDP revision was tempered by a 5.8% annual increase in business investment. Sustaining that sizeable economic input could be a boon for the...
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