The pound made marginal gains against the single currency yesterday ahead of the UK jobs report. However, sterling is close to half a per cent down on the month. Looking at the bigger picture, the GBP/EUR rate is…
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The US dollar fell short yesterday losing around 0.3% against the euro – which remains close to a five-week high against the dollar – and 0.3% against the pound, as investors anticipated the release of the upcoming UK…
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Even the interest rate decision from the Bank of England (BoE) on Thursday was unable to shake sterling out of the stability it’s held since the first week of January this year. The pound remains 2% up on…
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This week’s heavy dose of US data will give plenty of ammunition for those wanting to pile pressure on the Fed. Each tranche of data will see markets pouring over it like hawks, or potentially like doves…
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We haven’t written much about the euro in recent weeks and that’s probably a good thing. The euro is riding a decent wave of stability, although currency veterans will know how quickly that can change.
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Sterling managed to navigate a pretty perilous Thursday and Friday without much deterioration. There was a minor fall around the Bank of England decision, but nothing major by any stretch. A week without much macro detail may just…
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Last week was all about the UK, as the Bank of England hinted at interest rate cuts and GDP expanded by much more than expected in the first quarter. Now it’s the US’s turn to hog the limelight…
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It was all downhill for the US dollar yesterday, slipping by between a quarter and a third of a percent against major rivals. There will be a preliminary result for Michigan Consumer Sentiment this afternoon, and on Monday…
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