The euro has been steadily losing value to the pound and the US dollar since the beginning of 2024. Last week’s gains were only marginal, but the eurozone will take heart that its anchor has finally caught the…
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The US Producer Price Index (PPI) climbed 0.3% in January, representing the largest increase in five months. For anyone familiar with the American healthcare system, it will be little surprise that the biggest increase was in the price…
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The pound fell almost across the board yesterday, largely wiping out the gains of the past week, and to around 1% down on the month against the Scandinavian and North American currencies. After a week of non-stop data…
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The single currency gained closed to half a percent against the US dollar yesterday and a little less, overall, against the pound. A quiet start to the week next week for European data, with a wait until Wednesday…
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The dollar slid sharply across the board yesterday. Next week there will be the minutes of the Federal Open Market Committee (the FOMC), giving a better clue as to the thinking of the Fed on interest rates.
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After hitting a six-month high earlier in the week, sterling took a tumble yesterday against the euro, falling by close to 1% from its highest point in the week between Wednesday morning and Thursday.
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January’s headline inflation read in the UK was unchanged from December at 4%, sending the pound down by around 0.4% against the euro and by a third of a per cent against the US dollar. The euro enjoyed…
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The pound fell back against its main rivals on Wednesday after January’s inflation figures undershot expectations.
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