by Jonathan Cook | Aug 16, 2024
The US dollar rocketed up against the euro and the pound on Thursday afternoon, as US retail sales recorded their biggest monthly increase since January 2023. July’s data showed sales at retail and commercial outlets had increased by a full 1% from June. GBP/USD and...
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by Jonathan Cook | Aug 15, 2024
After recent data, the question for the Federal Reserve is whether they will cut by 25 basis points (0.25%) or 50 in September. The current consensus remains the former, although there are some shrill voices calling for a larger cut. This uncertainty has not helped...
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by Jonathan Cook | Aug 15, 2024
The euro is having a fantastic August holiday. EUR/USD reached its highest in 2024 yesterday and the euro isn’t far off matching that against the pound, as its main rivals continue to kick lumps out of each other. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Aug 15, 2024
Whatever optimism the pound drew from the inflation numbers was bittersweet. Despite coming in cooler than expected, price rises still ticked up from June’s 2% to 2.2%. GBP/USD is going strong, yet GBP/EUR has fallen by 2% since last month. More Bank of England rate...
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by Jonathan Cook | Aug 15, 2024
The UK economy grew by 0.6% in the second quarter of 2024. Although economic growth was flat in June, a strong performance from the services sector (particularly scientific research) helped the UK post its second consecutive quarter of growth over 0.5%. The euro and...
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