Friday’s big takeaway was that politics, not policy, set the tempo again. The US Supreme Court’s decision to curb President Trump’s use of emergency powers for sweeping tariffs has left investors trying to work out what comes next.…
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Sterling ended last week with more confidence, helped by more upbeat updates on spending and the public finances. The catch is that rate expectations are still doing the heavy lifting. The Bank of England’s next decision (19 March)…
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The euro has held its footing, but with politics at its shoulder. The chatter around ECB leadership is a reminder that, even when the data is behaving, confidence can wobble when the institution looks exposed to the political…
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The US dollar is caught between two forces. On one hand, the US still offers higher returns than much of the developed world, which can keep the dollar supported. On the other, tariff policy risk has a habit…
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A sea of bright green on the charts for the US dollar this week as the minutes of the Fed’s latest interest rate meeting showed so little appetite to pause the battle against inflation until they are sure…
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Another mixed week for the single currency has seen losses to USD and the commodity backed currencies like the Norwegian krone and Aussie dollar but gains on sterling and the yen. We’ve got some business mood readings coming…
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The pound had been on the retreat all week, although the losses against the euro amount to little more than half a cent since Monday night. This morning’s small boost from the latest retail sales and government borrowing…
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The Great British public has come to sterling’s aid this morning. Data released at 7am today showed that we were returning to the shops in our droves in January and paying our self-assessed taxes on time. Sterling has…
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