by Charles Purdy | Aug 5, 2024
The pound starts the week 1.25% down on last Monday against the euro and slightly under half that much down on the US dollar. Although it takes GBP/EUR to 2.5% weaker than its strongest position this month, it was largely expected following the Bank of England...
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by Jonathan Cook | Aug 5, 2024
The dam finally broke on the US job market in July. With unemployment now up to 4.3%, markets quickly pivoted to expecting a much more aggressive path for the Fed, which dragged the US dollar down further. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom...
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by Jonathan Cook | Aug 5, 2024
The euro had a week to remember last time out, climbing to its highest against the US dollar in two weeks and in almost two months against the pound. With a relatively light data schedule for the next few weeks, the euro could benefit as the UK and the US continue to...
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by Jonathan Cook | Aug 5, 2024
Now that the Bank of England has got its first rate cut out of the way, it’s time for the pound to take a deep breath and start again. Sterling was buoyed by US data on Friday, yet its struggles against the euro may be harder to claw back. GBP/USD: the past year...
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by Jonathan Cook | Aug 5, 2024
The US economy added 60k fewer jobs than expected in July while unemployment climbed from 4.1% to 4.3%, capping off a dramatic week for currency markets. The US dollar lost over a cent to the pound and the euro in just a few hours. That represented a slight glimmer of...
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