by Christopher Nye | Jul 5, 2024
Labour’s landslide win has had a negligible impact on sterling as it has been priced in for some weeks. However, sterling is close to 1% stronger against the US dollar, yen and Swiss franc than last week. Next week, watch out for speeches by BoE officials including...
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by Charles Purdy | Jul 5, 2024
As predicted, the Labour Party won the British general election, winning a majority of around 170 seats in a dramatic turnaround from the “Get Brexit Done” election of 4.5 years ago. It was the worst ever election result for the Conservative Party, which lost around...
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by Jonathan Cook | Jul 4, 2024
After Tuesday’s manufacturing data, American markets hoped that the services sector could send them off into the holiday with a bang. They had no such luck, and the disappointing results across both days ensured the US dollar would have much to prove after...
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by Jonathan Cook | Jul 4, 2024
Perhaps, like the Dutch football time, the euro started slowly before clicking into gear later. After a rough first half of 2024, the euro has made strides against the US dollar in the last week, but it remains around a cent down from where it began the year. GBP/EUR:...
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by Jonathan Cook | Jul 4, 2024
After all the talk, the day has finally arrived. How will sterling be affected by a Labour win, or indeed by a shock success for another party? Don’t listen to the so-called experts — the truth is nobody really knows. GBP/USD: the past year 1 Min 5...
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