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…
Read more
›
GBP/USD zipped up to its highest in over a month yesterday, as falling inflation pushed investors away from the US dollar.
Read more
›
Sterling was the winner and the US dollar the loser from another round of “who’s going to cut interest rates first?” yesterday, after unemployment rose in the UK and inflation expectations rose in the USA. The Bank of…
Read more
›
Believe it or not, US PPI and Jerome Powell’s comments were arguably not the biggest release this week. US inflation is vying for that title, and we’ll get April’s figures this afternoon, which could provoke more volatility.
Read more
›
The European consumer has been through a lot in recent years, but it seems they are ready to put that in the past. German and European consumers were more upbeat than at any time since the Ukraine war…
Read more
›
Nothing is ever certain in currency markets. There are far too many variables at play to have certainty, and UK wage data is one variable the Bank of England will be examining in detail. What felt like a…
Read more
›
Another logic-defying, volatile day in currency markets yesterday saw the pound gain ground over the US dollar even as the Federal Reserve played down the prospect of interest rate cuts.
Read more
›
US consumer inflation expectations for the year ahead increased to 3.3% in April 2024, the highest in five months, from 3% in each of the previous four months. Tomorrow afternoon, the US core inflation rate is expected to…
Read more
›
