The pound made marginal gains against the US dollar yesterday as economic data remained quiet and investors shifted positions ahead of Powell’s testimony and key US labour market data later in the week.
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There hasn’t been a lot to say about sterling lately. It has remained remarkably steady, and strong. Well worth considering fixing with a forward contract if you have a large transaction coming up overseas, and you value certainty…
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The pound recovered intra-week losses of almost a cent against the US dollar on Friday, while GBP/EUR also rallied to end the week just 0.1% down. A week of ups and downs for the euro saw it eek…
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Some commentators spend hours discussing the intersection of politics and economic management, but this year’s budget seems more political than most. For all the talk of adhering to the OBR’s targets, the conservatives find themselves in a political…
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For all the disappointment that eurozone inflation fell by less than expected, it should not be forgotten that the figure is still falling. Registering just 2.6% now, the ECB will surely be twitching to loosen borrowing costs, provided…
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The US ISM manufacturing index undershooting expectations came as something of a surprise on Friday, particularly as the US economy steams ahead. The decline was driven by a fall in new orders, while a slightly better outlook for…
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The dollar had a broadly positive day yesterday, gaining close a third of a percent against the euro and pound.
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The single currency weakened yesterday as inflation was seen to be falling in three of the eurozone’s largest economies. Will that continue across the eurozone as a whole? We will see at 10am.
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