by Jonathan Cook | Jun 13, 2024
The US dollar came under pressure on Wednesday, as the double whammy of inflation data and the Federal Reserve’s interest rate meeting dominated proceedings. GBP/USD climbed to its highest since last summer on news of cooling US inflation. Even the euro, which has...
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by Jonathan Cook | Jun 13, 2024
The euro rode on the coattails of US inflation data to post a much stronger day on Wednesday. In fact, EUR/USD managed to erase its losses and had been sitting slightly above where it began the week, before the Federal Reserve dented that momentum. GBP/EUR: the past...
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by Charles Purdy | Jun 12, 2024
The pound strengthened to a new highest point since August 2022 yesterday against the euro, well over 2% stronger than last month. You may have noticed that we mention August 2022 a lot and wonder why sterling fell at that point. In short, it was a change in political...
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by Julian Benson | Jun 12, 2024
The Office for National Statistics said monthly growth in April flatlined after a 0.4% increase in March. The economy was unable to maintain its momentum due to the weight of the struggling retail sector, a downturn in manufacturing and a drop in construction output....
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by Julian Benson | Jun 12, 2024
Political turmoil in France saw European stocks extend their losses for a third consecutive session on Tuesday. The Stoxx 50 and the Stoxx 600 lost around 1% following French president, Emmanuel Macron’s decision to call a snap election. GBP/EUR: the past year 1 Min 5...
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