by Jonathan Cook | Oct 10, 2024
The impact of the autumn budget on sterling is a key trend to watch this month. Yesterday, Keir Starmer refused to rule out a rise in employer national insurance contributions, while chancellor Rachel Reeves was reported to be considering scrapping previous borrowing...
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by Jonathan Cook | Oct 10, 2024
Sterling traded blows with the euro on Wednesday as the German government announced the unwelcome news that it had revised down its full-year growth forecasts. GBP/USD briefly fell to its lowest since early September ahead of today’s crucial US inflation release. The...
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by Charles Purdy | Oct 9, 2024
There were small falls against the US dollar (and others) and a small rise against the euro yesterday, as the currency markets wait for firmer clues on where interest rates will go – essentially how far and how fast the Bank of England and US Federal Reserve...
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by Jonathan Cook | Oct 9, 2024
Tonight’s publication of FOMC minutes are a precursor to Thursday’s key inflation data. US dollar markets are looking firmly to this set of data to inform their next move. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on currencies...
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by Jonathan Cook | Oct 9, 2024
Following this morning’s German data, the euro now faces a pretty quiet spell on the macro front. Investors will be hoping it can find something to cling onto as the UK and the US dissect key reads. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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