by Jonathan Cook | Aug 16, 2024
July’s retail sales figures could not have come at a better time for the US dollar. As Americans celebrated Independence Day, sales at motor vehicle and parts dealers increased by almost 4% – a fillip for Kamala Harris, perhaps, as she looks to win votes in the...
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by Jonathan Cook | Aug 16, 2024
Rival currencies weren’t going to let the euro have its own way for too long. The euro fell against the pound and the US dollar yesterday, as economic data pointed to economic resilience in those economies. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom...
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by Jonathan Cook | Aug 16, 2024
The UK economy grew by 0.6% between April and May, propelled in large part by its dominant services sector. More detail on that arrives next week with S&P’s dedicated sector report. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Aug 16, 2024
The US dollar rocketed up against the euro and the pound on Thursday afternoon, as US retail sales recorded their biggest monthly increase since January 2023. July’s data showed sales at retail and commercial outlets had increased by a full 1% from June. GBP/USD and...
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by Jonathan Cook | Aug 15, 2024
After recent data, the question for the Federal Reserve is whether they will cut by 25 basis points (0.25%) or 50 in September. The current consensus remains the former, although there are some shrill voices calling for a larger cut. This uncertainty has not helped...
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