It’s the first Friday of the month so its Non-Farm Payrolls in the USA this afternoon, with America’s key measure of the labour market expected to show a significant drop to around 200,000. However, judging by recent NFPs…
Read more
›
The single currency’s fortunes diverged yesterday with gains on the dollar and falls against sterling. After the excitement of yesterday’s ECB announcement, later today we will get a reading for eurozone employment and GDP. Europe is crawling slowly…
Read more
›
Sterling bobbed to the surface again yesterday, despite the grim state of the nation’s finances according to some analysts, if not the chancellor, making his round of the TV studios post-budget. Next week starts a fresh round of…
Read more
›
The euro lost out to sterling yesterday but gained on the US dollar, after the European Central Bank (ECB) kept interest rates on hold – as expected – and said that inflation was falling faster than forecast. While…
Read more
›
The German balance of trade increased to a surplus of €27.5bn in January, well above the expected €23.6bn. After some dark times, that’s actually the largest German trade surplus on record with exports to the EU particularly strong.
Read more
›
The US labour market finally hit a bump in the road in January. The number of job openings fell, so the question became whether this was a mere blip or a sign that the labour bubble has burst.…
Read more
›
A lack of nasty surprises in the budget helped the pound navigate the latest fiscal event with limited volatility. As always in currency markets, there are roadblocks on the horizon, but sterling buyers can for now sleep easy…
Read more
›
It was relatively smooth sailing for sterling yesterday, as far as budget days go. GBP/USD traded sideways, while the pound lost a little under 0.25% to the euro. EUR/USD advanced by a third of a per cent ahead…
Read more
›
