by Christopher Nye | Dec 12, 2025
The expected rise in GDP didn’t happen in October and the pound has weakened in response this morning, as the data is cueing up an interest rate cut on Thursday. Ahead of that, on Tuesday we’ll hear employment and earnings and on Wednesday inflation. GBP/USD past year...
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by Charles Purdy | Dec 12, 2025
It was all downhill for the dollar yesterday as the markets considered that the only way is down for US interest rates. This belief was supported by a bump in initial claims for unemployment benefits, with 236,000 new claimants. In the UK we have just had the Gross...
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by Jonathan Cook | Dec 11, 2025
The Fed’s final meeting of the year has been setting the direction for the US dollar for weeks. After a long period of holds, interest rates have been slashed by 75 basis points (or 0.75%) since September. Politics aside, many experts think 2026 will give policymakers...
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by Jonathan Cook | Dec 11, 2025
Christine Lagarde dropped a strong hint that the European Central Bank (ECB) would soon upgrade its 2025 full-year GDP forecasts for the second time in three months. The ECB noted that the eurozone had navigated the trade war better than expected, with currency...
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by Jonathan Cook | Dec 11, 2025
Sterling doesn’t have anywhere to hide after last night’s decision in Washington. In fact, it has its own interest rate decision to navigate a week from today. That comes after a busy run of economic releases that begins with a crucial GDP report bright and early...
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