by Christopher Nye | Aug 9, 2024
The pound regained some of its recent losses yesterday, though without the impetus of any new data – more a rebound or correction from over-pessimism. Next week there will be plenty of real-life data for the markets to ponder, including unemployment on Tuesday,...
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by Charles Purdy | Aug 9, 2024
Sterling bounced back in some style yesterday, gaining around 0.5% against the euro and US dollar. GBP/EUR is still over 1% down on last week but GBP/USD has recovered last week’s losses. Those factors that led to the pound’s downfall – a dovish Bank of England, fear...
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by Jonathan Cook | Aug 8, 2024
Today’s initial jobless claims data is likely to be afforded more importance than usual. Should the number end up well under market forecasts, expect another strong pivot away from the US dollar. Hopefully the reaction is less hysterical this time. EUR/USD: the past...
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by Jonathan Cook | Aug 8, 2024
The euro is enjoying the swift turnaround from Monday’s drama. As risk appetite improves, the euro has managed to cement its level against the US dollar, while keeping any losses to the pound at a bare minimum. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Aug 8, 2024
The UK housing market is likely to be a main beneficiary of reduced borrowing costs. That process is already well under way according to yesterday’s Halifax house price index, which showed house prices climbed by 2.3% year-on-year in July. GBP/USD: the past year...
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