by Jonathan Cook | Oct 8, 2024
Sterling continued a wretched streak of performances to start the week, falling again against the US dollar and the euro. Currency markets remain locked in a risk management exercise, with conflict in the Middle East and the possibility of Bank of England rate cuts...
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by Charles Purdy | Oct 7, 2024
After a sharp fall midweek, the pound has staged a slow recovery against the euro since then that has taken it close to the 30-month highs of late September. There’s no sign of recovery against the US dollar, but that’s hardly surprising given the Non-Farms Payroll...
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by Julian Benson | Oct 7, 2024
The Halifax House Price Index in the UK increased 4.7% in September, the most since November 2022, following a 4.3% rise in August. Compared to last month, house prices increased by 0.3%, above forecasts of 0.2%, bringing the average property price up to £293,399....
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by Julian Benson | Oct 7, 2024
Factory orders in Germany shrank 5.8% month-on-month in August, compared with market forecasts of a 2% fall and after 3.9% growth a month prior. This is the steepest decline since January and is largely due to big-scale orders for aircraft, ships and trains. EUR/USD...
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by Julian Benson | Oct 7, 2024
The Japanese yen lost around 3% last week as top officials tempered expectations of additional rate hikes. The yen came under additional pressure early last week as strong US economic data suggested the Federal Reserve does not have to be as aggressive with rate cuts...
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