by Christopher Nye | Nov 25, 2024
Last week’s losses ranged between 1.9% against CAD to 0.4% against the British pound and South Korean won. Gains? Well, there weren’t any really, except against the Russian rouble. A mildly eventful week for eurozone data starts with Ifo Business Climate for Germany...
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by Christopher Nye | Nov 25, 2024
After a week of very gradual gains against the euro and continued losses against the US dollar, this morning the directions have changed, with something of a dead cat bounce against USD. It’s not a busy week for data, but tomorrow there will be more reports from the...
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by Charles Purdy | Nov 25, 2024
Sterling starts the week close to its recent long-term highs against the euro and 4.5% stronger than a year ago. After dropping some 7% since September, GBP/USD is back to where it was this week in 2023. The big picture from data in the UK last week was of a clear...
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by Christopher Nye | Nov 22, 2024
Further rises for the US dollar, taking USD/GBP close to its best for six months and USD/EUR teetering on a two-year high. The usual PMI reports will be out this afternoon and on Monday the analysts will be poring over the minutes of the FOMC’s last meeting. USD/GBP...
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by Christopher Nye | Nov 22, 2024
The euro fell across the board yesterday, largely due to dovish tones from at least one European Central Bank policymaker. It has perked up against sterling this morning, however. The final reading for Germany’s Q3 gross domestic product (GDP) has just been downgraded...
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