by Jonathan Cook | Jun 13, 2024
A million different factors combine to impact a country’s economic growth, but one frequently cited variable in April was the weather. Time will tell if this is true, but zero growth is a slightly troubling detour for the UK economy, even though it had been expected....
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by Jonathan Cook | Jun 13, 2024
The US dollar came under pressure on Wednesday, as the double whammy of inflation data and the Federal Reserve’s interest rate meeting dominated proceedings. GBP/USD climbed to its highest since last summer on news of cooling US inflation. Even the euro, which has...
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by Jonathan Cook | Jun 13, 2024
The euro rode on the coattails of US inflation data to post a much stronger day on Wednesday. In fact, EUR/USD managed to erase its losses and had been sitting slightly above where it began the week, before the Federal Reserve dented that momentum. GBP/EUR: the past...
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by Charles Purdy | Jun 12, 2024
The pound strengthened to a new highest point since August 2022 yesterday against the euro, well over 2% stronger than last month. You may have noticed that we mention August 2022 a lot and wonder why sterling fell at that point. In short, it was a change in political...
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by Julian Benson | Jun 12, 2024
The Office for National Statistics said monthly growth in April flatlined after a 0.4% increase in March. The economy was unable to maintain its momentum due to the weight of the struggling retail sector, a downturn in manufacturing and a drop in construction output....
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