by Jonathan Cook | Jul 16, 2024
Currency markets poked and prodded their way into the new week as investors looked for direction after the weekend’s events. A shortage of economic figures meant that yesterday’s action lacked a certain impetus, but big data releases later in the week should solve...
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by Julian Benson | Jul 15, 2024
Last week’s sterling strength was detrimental to the US dollar, which lost over half a per cent on Friday, taking its monthly losses to over 2%. The US dollar is currently 1.6% lower against the euro this month, but support has picked up again this morning. USD/EUR:...
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by Julian Benson | Jul 15, 2024
This week, European Central Bank policymakers will vote on monetary policy. Following June’s 25-basis point decrease, Bank members remain determined to bring inflation back down to the target of 2.0%, however, it is stressed they’ll maintain a data-dependent...
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by Julian Benson | Jul 15, 2024
After last week’s strong momentum against the euro, the pound’s position remains dependent on this week’s inflation and wage figures. If supportive, the pound could continue to climb, however, should market forecasts be undershot, the pound could slip. To manage your...
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by Julian Benson | Jul 15, 2024
Following Friday’s advances, sterling strides into a new week over 0.6% higher than this time last Monday against the euro and a whopping 1.34% against the US dollar. The pound is currently the top-performing G10 currency of 2024 due to minor pullbacks for the US...
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