The pound fell to near its lowest point against the euro since the beginning of the year yesterday, at one point down by almost 1% since last week. Sterling later recovered to finished almost unchanged against the euro…
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Things were muted in the world of foreign exchange yesterday, primarily the result of scarce economic data. Sterling treaded water against the euro and the US dollar, while EUR/USD lost a measly 0.1% over the course of Monday.
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Andrew Bailey probably has enough to worry about without former governors weighing in on policy. Bailey’s namesake took to the airwaves on Monday to warn about the impact of high interest rates on the UK economy. It’s an…
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It was a distinctly quiet day for eurozone data, but Spanish consumer confidence did rise slightly in January, along with a slight widening of the country’s trade deficit.
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Federal employees in the US were celebrating a holiday yesterday (Presidents’ Day), hence the lack of activity on the other side of the Atlantic. When markets return today, they will no doubt have Wednesday’s FOMC minutes circled in…
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The currency markets were kept guessing last week by a constant supply of the highest level economic data, after which we are left really none the wiser on how the UK economy is doing. Yes, we are in…
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The pound underwent a couple of corrections last week as markets reacted to economic data. Sterling first fell on the news that inflation had undershot expectations before tumbling again as the UK officially entered a technical recession.
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What better way to cast off the blues of recent days than a little retail therapy? News that sales had climbed by 3.4% in January (far more than the 1.5% that was expected) brought the week to a…
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