by Jonathan Cook | Jun 17, 2024
The University of Michigan’s preliminary study for June found an unexpected dip in consumer confidence. June’s first estimate came in at 65.6, below May’s 69.1 and well shy of forecasts of 72. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For...
read more
by Jonathan Cook | Jun 17, 2024
When it isn’t fighting off a pound surge, the euro has struggled under pressure from the US dollar. After electoral drama in France, the euro is seeking something, anything to go right. Perhaps this week’s economic releases will provide an escape route,...
read more
by Jonathan Cook | Jun 17, 2024
Some economists are predicting that UK inflation fell to 1.9% in May. That’s significant due to the Bank of England’s target of 2%, considered the goldilocks region for price rises. In that event, expectations that the Bank will cut interest rates at...
read more
by Jonathan Cook | Jun 17, 2024
Sterling surged beyond recent highs against the euro last Friday, before a sharp change in tone meant the week ended on an altogether different note. Markets took a distinct turn to the safe-haven US dollar, as political and geopolitical threats helped depress demand...
read more
by Charles Purdy | Jun 17, 2024
Sterling remains close to its strongest point since August 2022 against the euro, and close to 5% up on the average of the past five years. It’s also riding high against the US dollar, but it is the euro’s weakness that’s the big story and that may...
read more
