by Charles Purdy | Nov 8, 2024
The pound recovered against the US dollar yesterday, while circling in a high holding pattern against the euro, very close once again to its 2½ year high. The aftershocks of the Trump victory continue to be felt, but interest rates have come back to dominate....
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by Jonathan Cook | Nov 7, 2024
Jerome Powell has a famously frosty relationship with Donald Trump. He may have been more upset than most on Wednesday morning but his role requires an unflinchingly focused attention. Expect US dollar volatility around the Fed’s press conference, which is likely to...
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by Jonathan Cook | Nov 7, 2024
The euro had a tough time yesterday against its main rivals. That came on the back of election news and the final results of the HCOB German PMI studies for the services sector and the composite data, which both fell from September last month. GBP/EUR: the past year 1...
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by Jonathan Cook | Nov 7, 2024
The Bank of England and the Federal Reserve could cut interest rates by 0.25% today. The danger for the pound is that its lead is not followed by the Fed, resulting in a divergence in policy that looks all the starker given the US dollar’s momentum. GBP/USD: the past...
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by Jonathan Cook | Nov 7, 2024
Yesterday’s election drama quickly faded into realism as currency markets pivoted to life under president-elect Donald Trump. A long night (or early morning) watching the results did not prevent focus from shifting to today’s doubleheader of interest rate decisions...
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