by Jonathan Cook | Sep 23, 2024
Sterling continues to benefit from central bank developments and reached multi-year highs against the euro and the US dollar last week. However, with the Bank of England likely to act again before the end of the year, the present euphoria may not last. GBP/USD: the...
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by Jonathan Cook | Sep 23, 2024
The pound entered a new week counting sizeable advances over the euro and the US dollar. By the time of market close on Friday, GBP/EUR was closing in on its highest in over two years, while GBP/USD had long passed that milestone. Last week saw the Federal Reserve...
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by Christopher Nye | Sep 20, 2024
Following its historic 50 basis point cut this week the dollar continued to come under pressure. Another 0.6% was added to its losses against sterling yesterday, and over the last week there were more than 1% losses against the krone and Australian and New Zealand...
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by Christopher Nye | Sep 20, 2024
The single currency staged something of a comeback yesterday against all but sterling, battling to another third of a cent gain against the US dollar, taking EUR/USD close to 1% stronger on the week. We are getting some consumer confidence readings from the eurozone...
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by Christopher Nye | Sep 20, 2024
The pound hit its highest level against the euro and US dollar since mid-2022 yesterday following the Bank of England’s interest rate decision at midday. There were two more high-level data sets this morning. Retail sales in August leapt ahead of expectations, growing...
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