Sterling has been pulled in two directions. On one hand, 0.0% GDP growth in January strengthens the case for lower interest rates. On the other, the jump in oil prices makes it harder for the Bank of England…
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The euro continued to weaken against the US dollar last week while holding off further big losses against other currencies, including the pound. Energy costs feed quickly into European politics and household budgets, and we will get a…
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The US dollar gained between 1 and 3% against other global currencies last week, including around 1.5% against the pound and euro. The biggest data event of the week looks to be Producer Price Inflation (PPI) on Wednesday,…
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It was a strongly positive day for the US dollar as hopes for a rapid end to the “largest oil supply crisis ever”, according to the International Energy Agency, faded. With the euro weakening and Bank of Japan…
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The euro continues to be one of the biggest losers from the mining of the Straits of Hormuz and subsequent oil price rises, especially against the US dollar, which it has lost some 1.5% against since Tuesday and…
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Sterling-euro remains an oasis of relative calm amid febrile and volatile global currency movements, while GBP/USD continues to fall. This morning’s GDP figure has certainly come as a disappointment for the government but joins a long line of…
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The British economy was failing to grow and firms had stopped hiring even before the new oil crisis had struck, according to data released by the Office for National Statistics this morning. GDP flatlined in January, showing 0%…
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With its safe-haven status in question, the US dollar is still drawing strong demand. Rapidly rising oil prices have certainly helped it gain relative to more energy exposed economies, including the eurozone and Britain. Since the start of…
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