by Christopher Nye | Mar 9, 2026
The euro’s mood is being set by the same old vulnerability: energy imports. When oil and gas jump, Europe pays quickly and visibly. That’s why the single currency can struggle even when the dollar isn’t roaring. Eurozone inflation had already surprised on the upside...
read more
by Christopher Nye | Mar 9, 2026
Sterling has started the week on a steadier footing against the euro, but the pound’s problem is that higher energy costs land awkwardly on top of a stretched cost-of-living backdrop and tight fiscal headroom. If oil stays elevated, the conversation shifts from “when...
read more
by Charles Purdy | Mar 9, 2026
Sterling hit a four-week high against the euro on Friday and despite a small dip so far this morning it remains strong, close to its best since last July. It is struggling against the US dollar, Canadian dollar and Japanese yen, but the events of the past week have...
read more
by Christopher Nye | Mar 6, 2026
It’s Non-Farm Payrolls day in the USA. Following a better-than-expected result last month, a severe reduction in the number of new jobs is expected this afternoon. NFP does tend to carry surprises though. Next week we’ll get the inflation reading, but events in the...
read more
by Christopher Nye | Mar 6, 2026
The euro has been the biggest currency loser from the Iran war so far, with European economies especially affected by rising oil prices. European Central Bank president Christine Lagarde will be talking today, as have other ECB interest rate setters, and the markets...
read more
