by Jonathan Cook | Sep 3, 2024
A light schedule of data meant currency markets spent more time mulling politics than economics on Monday. Mass protests in Israel prompted hopes that the conflict could soon fade, while the German far-right raised tensions in Europe. With US markets away for Labor...
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by Charles Purdy | Sep 2, 2024
Sterling starts a new week, month and season in a strong position against the euro and US dollar. Against the euro it is 1.25% up on the start of the month and close to 2% up on this time last year. If you want to go further back, GBP/EUR is more than 7% stronger than...
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by Jonathan Cook | Sep 2, 2024
The American economy seems to be inching closer to a Goldilocks scenario in which inflation has fallen as growth remains stable. As we’ve seen before, economic data can spin that narrative on its head very quickly indeed. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day...
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by Jonathan Cook | Sep 2, 2024
The ECB won’t be counting its chickens yet, but recent inflation figures seem very encouraging. That’s good for the eurozone but could spell trouble for the euro if interest rates fall faster than in other nations. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Sep 2, 2024
The pound can boast of multiple percentage point gains over the US dollar and the euro over the past few weeks. Some of that momentum has slipped away though, and more movements are to be expected as markets become busier again. GBP/USD: the past year...
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