by Christopher Nye | Nov 22, 2024
Despite weakening this morning, sterling has reached the end of the week pretty much where it was last Friday against the euro, but 0.75% down against the dollar. Later this morning we’ll hear PMI (Purchasing Managers’ Index) reports for the important UK services...
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by Charles Purdy | Nov 22, 2024
After a solid day of gains yesterday the pound has fallen in early trading this morning, as a busy day for high-level data gets underway. Worth pointing out, however, that the pound is still strong relative to recent times, and around 4.5% stronger against the euro...
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by Jonathan Cook | Nov 21, 2024
A handful of Federal Reserve members are delivering remarks today ahead of next week’s schedule of data. The lack of hefty US economic news this week has allowed attention to wander into geopolitics and it could take the impact of FOMC minutes or GDP – both due next...
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by Jonathan Cook | Nov 21, 2024
The euro is coming under sustained pressure from major currencies but particularly the US dollar. Due to the eurozone’s grim economic and political outlook, it has been simply unable to push back on those advances this week. EUR/USD has fallen by close to 3% this...
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by Jonathan Cook | Nov 21, 2024
The fact that inflation rose in October was a cause for concern for the UK but one that could benefit sterling. It wasn’t until the very last days of October that Rachel Reeves delivered the autumn budget – widely viewed as potentially inflationary due to the increase...
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