by Jonathan Cook | Dec 3, 2024
Sterling loosened its stranglehold over the euro on Monday as British manufacturing output fell in November. S&P Global’s manufacturing PMI survey was revised lower to 48 in November, its weakest level since February. Over in the USA, Donald Trump was busy...
read more
by Charles Purdy | Dec 2, 2024
A new week and a new month see the pound in a commanding position against the euro and fighting back strongly against the US dollar. GBP/EUR is 1.5% better than this time last month and very close to its best position since March 2022. To fix that rate for the next...
read more
by Christopher Nye | Dec 2, 2024
Last week saw the fightback against the US dollar, with losses of some 1% to 2% against most rivals, including the pound. Jobs are the major focus this week, with JOLTS job openings tomorrow and Non-Farm Payrolls on Friday. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1...
read more
by Christopher Nye | Dec 2, 2024
The euro recovered some of its losses last week against the US dollar but has set off down another downward trajectory against sterling. We’ve got some final results for PMI this week, plus ECB president Christine Lagarde speaking. EUR/USD past year 1 Min 5 Min 1 Hr 1...
read more
by Christopher Nye | Dec 2, 2024
Sterling has been gaining over the past week and that accelerated this morning, as investors bet on interest rates staying higher for longer in the UK. Tomorrow morning we’ll hear the British Retail Consortium’s data for November, plus a final result for Services PMI...
read more
