by Jonathan Cook | Mar 4, 2026
The pound teetered on Tuesday as the rapidly escalating crisis in the Middle East ripped its way through commodities and into currencies and government debt. Sterling fell to its lowest level against the US dollar since early December. Gilt yields meanwhile shot up,...
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by Jonathan Cook | Mar 3, 2026
The US dollar’s strong performance across another manic Monday proved it retains broad appeal as a safe-haven. It was also helped by an unexpected outperformance in the ISM manufacturing study, which again pointed to a resilient and dynamic economy. EUR/USD: the past...
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by Jonathan Cook | Mar 3, 2026
Thanks to the crisis in Iran and economic news that told conflicting stories, the euro had a little trouble finding direction on Monday. Italy’s economic growth came in at a tepid 0.5% across the whole of 2025, but Germany’s manufacturing output for February was...
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by Jonathan Cook | Mar 3, 2026
For the chancellor, the goal of today’s spring statement is to cause as little fuss as possible. The limited fiscal headroom and Labour’s precarious political standing have led her team to brief the press for a quiet lunchtime in parliament. Currency markets will have...
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by Jonathan Cook | Mar 3, 2026
The US dollar and other safe-haven assets began Monday with a powerful surge as the Iran conflict prompted investors to shun riskier positions. The pound hit multi-week lows against the euro and the US dollar before bouncing higher across the afternoon’s trading. The...
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