Pound and euro sputter as mood darkens

by | Jul 2, 2024

Sterling and the euro both struggled to gain any traction against the US dollar yesterday. Despite underwhelming data from across the Atlantic, the US dollar capitalised on a stormy market mood to claw back early-morning European gains. If currency markets had been...


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Euro gains ground after French election result

by | Jul 1, 2024

The euro recovered this morning, gaining around 0.3% against most major currencies following the result of the first round of the French election. It takes GBP/EUR down around 1% from its near-two-year high of mid-June. You may be wondering, given that the French...


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USD: Consumer sentiment boosts US stocks

by | Jul 1, 2024

American stocks extended their gains on Friday, with the S&P 500 soaring to an all-time high of 5500. The Nasdaq 100 reached a record level of 19,980 and the Dow Jones added over 220 points. This movement was fuelled by the Michigan consumer sentiment which was...


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EUR: Inflation expected to fall, albeit slowly

by | Jul 1, 2024

Tomorrow morning, the latest euro area inflation for June will be released. Markets forecast the rate to fall to 2.5% from May’s 2.6%, moving slowly closer to the European Central Bank’s 2.0% target. GBP/EUR past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...


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