by Jonathan Cook | Nov 7, 2024
The Bank of England and the Federal Reserve could cut interest rates by 0.25% today. The danger for the pound is that its lead is not followed by the Fed, resulting in a divergence in policy that looks all the starker given the US dollar’s momentum. GBP/USD: the past...
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by Jonathan Cook | Nov 7, 2024
Yesterday’s election drama quickly faded into realism as currency markets pivoted to life under president-elect Donald Trump. A long night (or early morning) watching the results did not prevent focus from shifting to today’s doubleheader of interest rate decisions...
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by Charles Purdy | Nov 6, 2024
Sterling has recovered overnight against the euro, climbing almost back to its two-year-plus highs. Against the US dollar, the pound has lost 1% over the past few hours. To fix your rate in this period of extreme volatility, speak to your account manager on 020...
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by Jonathan Cook | Nov 6, 2024
Donald Trump is all but certain to become the next US president after broadcast networks projected his victory in several battleground states. Counting is still ongoing in many areas but all the maths points to a stunning (and surprisingly convincing) comeback for...
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by Jonathan Cook | Nov 6, 2024
The voting is over but that is only half the story for the US dollar. After all the talk, currency markets can be almost certain of a Trump win and are now able to plan accordingly. Trump’s apparent victory is likely to be a short-term boon for the US dollar but the...
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