The single currency started the week by clawing back some of its losses to the pound. It could not stop the bleeding against the US dollar, but with the eurozone’s light data schedule the door could be open…
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The ONS uses a “basket” of goods to track price rises. The items it uses are typically consumer staples or more trendy items, so it’s no surprise to see air fryers and vinyl records added to the new…
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The pound fell back slightly from recent highs against its peers, falling by around a third of a per cent against the euro and the US dollar. The US dollar also rebounded against the euro, with EUR/USD falling…
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Last week, we wondered if the US labour market had finally started to slow. Well, not according to Friday’s JOLTs job openings, which came in far hotter than most had expected.
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It now seems the ECB has committed to cutting interest rates in June. A lot can change in that time though, and the eggheads at Bloomberg tempered this by saying that the ECB may be waiting for the…
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Who ever said budget weeks could sink the pound? The pound was relatively unmoved by the chancellor’s speech and the 2p-reduction to national insurance, but ended the week zooming up against its main rivals. A sign of strength?…
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Sterling benefited from an updraft of economic developments to end budget week almost 0.5% up against the euro and touching eight-month highs against the US dollar. EUR/USD also found some traction, gaining more than 1% over the course…
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The pound has returned close to its strongest position since August 2022 against the euro, and its strongest since last July against the US dollar. The dollar’s weakening is easy to explain. It follows a revision downwards of…
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