by Jonathan Cook | Nov 12, 2024
The pound is just a few weeks away from officially becoming the best performing major currency of 2024. Its progress has been particularly stark against the euro but a number of key data sets (plus a last Bank of England meeting) put those gains at risk. GBP/USD: the...
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by Jonathan Cook | Nov 12, 2024
Sterling continued to set fresh records against the euro to start the new week. GBP/EUR’s latest half-cent increase put it within touching distance of its March 2022 peak and means the pound has now strengthened by almost six cents against the euro since the start of...
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by Charles Purdy | Nov 11, 2024
Over the weekend sterling climbed to a new highest point since the early spring of 2022 against the euro. It is now 5.5% stronger than this time last year and around 7% stronger than the average of the past five years. Exchange rates have a tendency to revert back to...
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by Christopher Nye | Nov 11, 2024
The dollar’s rises have been notable since the election result on Wednesday, but hardly spectacular. That’s partly because of the US Federal Reserve’s dovish 25bp interest rate cut and comments from its boss Jerome Powell the day after. The markets will be quiet...
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by Christopher Nye | Nov 11, 2024
For those holding euros, the good news is that while losses against the dollar have been significant, at around 2% over the past month, and around half that against the pound, it remains up over the past month against most other rivals, especially the Scandinavian and...
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