by Christopher Nye | Nov 8, 2024
The euro has weakened by as much as 2% against major rivals over the past week. Against the currencies like BRL and MXN the falls were around 3%, as the continent appears increasingly rudderless politically and at risk economically and militarily. Later today we will...
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by Christopher Nye | Nov 8, 2024
Sterling had a day of mixed fortunes, gaining against the US dollar, but losing heavily to the Norwegian krone and Australian dollar. Later today chief economist at the BoE Huw Pill will be speaking. Next week the higher-level data arrives again with unemployment,...
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by Charles Purdy | Nov 8, 2024
The pound recovered against the US dollar yesterday, while circling in a high holding pattern against the euro, very close once again to its 2½ year high. The aftershocks of the Trump victory continue to be felt, but interest rates have come back to dominate....
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by Jonathan Cook | Nov 7, 2024
Jerome Powell has a famously frosty relationship with Donald Trump. He may have been more upset than most on Wednesday morning but his role requires an unflinchingly focused attention. Expect US dollar volatility around the Fed’s press conference, which is likely to...
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by Jonathan Cook | Nov 7, 2024
The euro had a tough time yesterday against its main rivals. That came on the back of election news and the final results of the HCOB German PMI studies for the services sector and the composite data, which both fell from September last month. GBP/EUR: the past year 1...
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