by Jonathan Cook | Nov 20, 2024
Inflation in the UK returned to a six-month high of 2.3% in October, spurring a rally for the pound on market open this morning. Part of this bounce reflected energy regulator Ofwat’s increased price cap, which caused a significant spike to the price of gas and...
read more
by Jonathan Cook | Nov 19, 2024
Donald Trump still has to wait two more months until he is sat in the Oval Office again. For the US dollar, there is a degree of uncertainty here as there is still much Joe Biden could achieve in the intervening period. For his part, some of Trump’s actions could...
read more
by Jonathan Cook | Nov 19, 2024
The euro has had a year to forget but it is looking to scrape back some of its losses against the pound. Despite having fallen by almost 5% year-on-year, the euro has climbed by over a cent against the pound in just one week. Based on current trends, ruling out a...
read more
by Jonathan Cook | Nov 19, 2024
Sterling’s short-term direction is likely to be closely linked to both data and the opinions of the Bank of England. Markets are currently fairly split between expecting a hold and a cut at its December meeting but more aggressive tones from either the European...
read more
by Jonathan Cook | Nov 19, 2024
The pound fell against the euro on Monday as last week’s cocktail of bad economic news hung like a cloud over the British economy. A sleepy early-week economic schedule meant little could transform sterling’s fortunes, although there may be a chance for that later in...
read more
