by Christopher Nye | Jul 19, 2024
It’s been a positive week for the euro on the whole, albeit with notable falls against the yen and Swiss franc and a move to fresh lows against the sterling. After the excitement of yesterday’s interest rate decision there is nothing much on the docket until next...
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by Christopher Nye | Jul 19, 2024
The pound has been both buffed up and buffeted by economic data, in a busy week – some data making the case for interest rate cuts and others against. Still, sterling remains strong. Economic reports quieten down next week, apart from the early, “flash” reading for...
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by Charles Purdy | Jul 19, 2024
After days in which sterling hit fresh two-year highs, the pound climbed down off its peak yesterday against both the euro and US dollar, with further small falls this morning. However, it remains almost 2.5% stronger than this time last year against the euro. Will...
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by Jonathan Cook | Jul 18, 2024
An increase in building permits only served to slow a US dollar fall. Markets are very much pricing in those Federal Reserve cuts, which has led to a painful drain in US dollar appetite over this week. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Jul 18, 2024
News that eurozone inflation came in at 2.5% in June is unlikely to convince the European Central Bank to change interest rates today, according to the majority of the financial world. However, policymakers are likely biding their time to the next cut, which is...
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