Sterling sauntered into the new week after reaching its highest level against the euro in two weeks and its highest against the US dollar since early April.
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The pound clung onto recent gains against its rival on Thursday, perhaps helped by a clear path created by a light data schedule. The Bank of England’s Megan Greene was on the speech circuit, although her uncontroversial observation…
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If you listen carefully, you’ll notice a distinct uptick in the number of financial figures discussing debt. That’s particularly true for the US, but now the ECB has rowed in. For now, it’s business as usual for the…
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It’s all been slightly confusing in recent days for the US dollar. Markets now seem to think a September interest rate cut is back on the cards but basing that on only a handful of economic figures seems…
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The pound stood firm in the face of a brief US dollar fightback in yesterday’s session. GBP/USD is up by more than 1% this week, with GBP/EUR up by half a per cent. The euro has also found…
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US retail sales were unchanged from the month before in April, well below March’s 0.6% and forecasts of 0.4% growth. That, coupled with the punchier read from the inflation figures, was enough to fuel a small US dollar…
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After two consecutive quarters of 0.1% growth, the eurozone posted a more promising 0.4% in the first quarter of 2024. That’s still a far cry from the past few years, but it will at least provide some evidence…
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Sterling was riding high on Wednesday, reaching its highest against the euro in 10 days and its highest against the US dollar in over a month. Next week’s inflation figures could soon puncture that tyre, as well as…
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