by Jonathan Cook | Jun 4, 2024
With the spotlight on the ECB later this week, the euro was looking for direction on Monday. EUR/USD showed some strength, but that belies what will be intense scrutiny on Thursday’s policy meeting. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
read more
by Jonathan Cook | Jun 4, 2024
GBP/USD started the week by climbing around last week’s highs. Those levels were themselves the highest against the US dollar in around two months, although a further climb might be dependent on a more radical rethink of interest rate decision timelines. GBP/USD: the...
read more
by Jonathan Cook | Jun 4, 2024
The US dollar got off to a sluggish start to the week after manufacturing activity edged lower in May. ISM manufacturing PMI fell from 49.2 in April to 48.7 — the second consecutive month-on-month fall — as new orders and production slowed. The dollar’s loss was the...
read more
by Charles Purdy | Jun 3, 2024
Sterling starts the week exactly where it began last week, but two-thirds of a percent up on the start of May and 1% up on this time last year. Against the dollar you can double most of those values – GBP/USD is 2.25% up on this time last year. Those gains are looking...
read more
by Jonathan Cook | Jun 3, 2024
Consumer spending rose by 0.2% in April, well down from March’s 0.7% growth. With income also on a downward trajectory, that prompted some US dollar softness on Friday afternoon. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on...
read more
