Sterling took an early bath yesterday as the markets looked nervously at what the result of the Gorton and Denton by-election might hold. Their fears were justified as, whatever you think of the politics, the markets tend to…
Read more
›
The pound has crashed to its weakest against the euro since mid-December this morning, following the Labour Party losing the Gorton and Denton by-election to the Greens yesterday. Since yesterday, sterling has lost between half and two-thirds of…
Read more
›
The dollar has lost ground for a second straight session, and the broader trend isn’t hard to explain. US growth slowed sharply to 1.4% in the final quarter of 2025, consumer confidence remains below recession-warning levels for the…
Read more
›
EUR: Factory floor recovery There’s a quiet turnaround happening in eurozone manufacturing. The flash PMI crossed back into expansion territory for the first time since mid-2022, led by Germany, where factory output grew for the first time in…
Read more
›
It’s been a while since the UK economy delivered this many positive surprises in a single week. The purchasing managers’ index (PMI) composite reading of 53.9 points to solid expansion, retail spending is up sharply, and the fiscal…
Read more
›
The pound has quietly put together a strong week. Backed by a run of better-than-expected economic releases, sterling has picked up around half a cent against the dollar and held firm against the euro. It's a welcome shift…
Read more
›
The pound strengthening to its best level in a week against the euro yesterday before falling back somewhat overnight. Yet just as the sun finally peeked its head out from the Hammersmith gloom, things are beginning to heat…
Read more
›
Last night’s state of the union address did little to project unity and harmony among the American people. With polarisation high, there is economic risk for the US dollar amid the rhetoric.
Read more
›
