by Jonathan Cook | May 21, 2024
UK inflation has been on a one hell of a journey. Headline CPI could soon fall to within a whisker of the Bank’s 2% target, having risen as high as 11.1% in October 2022 as the aftershocks of the pandemic and war in Ukraine wreaked havoc on global markets. GBP/USD:...
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by Jonathan Cook | May 21, 2024
The pound continued to make gains over its closest rivals on Monday despite the imminent threat of key data. GBP/EUR reached its highest point in several weeks, while GBP/USD briefly passed its highest level in two months. Bank of England policymaker Ben Broadbent...
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by Charles Purdy | May 20, 2024
The pound hit a two-week high against the euro late last week. It is currently 1% stronger than the average of the past year and 3% above the average of the past five years. GBP/USD is at or close to its strongest for two months. Worth locking in for the year ahead...
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by Jonathan Cook | May 20, 2024
The US dollar wilted under the pressure of intense scrutiny last week. All in all, the impact was hardly disastrous and now it can look ahead to less hectic times with some optimism. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on...
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by Jonathan Cook | May 20, 2024
The euro has been making steady progress against the US dollar for the past few weeks. That’s been less true of it against the pound, but good news now that the hype around the ECB potentially cutting before the Fed has died down. GBP/EUR: the past year 1 Min 5 Min 1...
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