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. Black Friday sales were reportedly 12% up on 2023 and 16% up on 2022, as retailers...
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by Christopher Nye | Nov 29, 2024
The dollar was on the backfoot yesterday. USD/EUR has lost a third of its post-election gains but remains more than 2% stronger than the start of November. The markets remain closed for the Thanksgiving celebrations but reopen on Monday with Manufacturing PMI and on...
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by Christopher Nye | Nov 29, 2024
The euro fell against most major currencies yesterday, but at least it has regained some of its losses against the US dollar (although still 2.5% down over the month). German prices fell by 0.2% last month and France’s annual inflation rate has just been revealed as...
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by Christopher Nye | Nov 29, 2024
Sterling held its ground yesterday as a quiet week for UK data ended. Over the week the pound has clambered upwards again after a sharp fall against the euro on Monday and gained 0.75% against the US dollar. Later today we’ll hear some mortgage data, but it’s another...
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by Charles Purdy | Nov 29, 2024
Yesterday, with the US markets closed for Thanksgiving, the euro and pound fought back. Against both the US dollar has lost a third of its post-election gains this week, as the money markets continued to row back on their initial enthusiasm for the return of Donald...
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