Up until about 11am on Monday, some experts had been predicting the Bank of England would have to raise interest rates to almost 5% to contain the impact of the oil shock. That changed in the course of…
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There was quite a change in mood within currency markets on Monday. A day that began with apprehension over President Trump’s 48-hour ultimatum ended with relief, as he suddenly announced a five-day pause in strikes against Iranian energy…
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Having spent most of March gaining on the euro, sterling reversed direction on Friday and lost most of a cent within a few hours. Will that continue today or was it simply a correction? The worry for those…
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The dollar still tends to benefit when the world feels uncertain, even when the US is a central character in the story. If markets start thinking the conflict could broaden, you can get a tug-of-war between safe-haven demand…
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The euro’s tone is still being pulled in two directions. On the one hand, the European Central Bank (ECB) is signalling it can’t relax yet, because higher energy prices can feed through into broader inflation. On the other,…
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Sterling fell sharply on Friday against the euro, but will that continue today? The prompt seems to have been a general loss of faith in UK finances, as government borrowing costs rise and the economy remains stuck amidst…
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Having spent most of March gaining on the euro, sterling reversed direction on Friday and lost most of a cent within a few hours. Will that continue this morning or was it simply a correction? The worry for…
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The dollar’s sharpest decline yesterday was against the pound, taking us close to where we were before the conflict in Iran began. There were smaller losses to fellow safe havens the Swiss franc and Japanese yen, but it…
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