by Charles Purdy | Apr 22, 2024
The long period of stability for sterling could be coming to an end. Between Wednesday and Friday last week the pound lost more than 1% against the euro, and this echoed another sharp loss of 1.5% in mid-March. Against the US dollar the pound has lost 1.75% over the...
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by Jonathan Cook | Apr 22, 2024
The US dollar once again proved itself the best safe haven for nervous markets. The dollar saw a massive influx of trading, a trend that could continue unless any progress is made on the shaky geopolitical situation. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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by Jonathan Cook | Apr 22, 2024
The eurozone’s government spending figures today might be the most intriguing development. Debt to GDP in 2023 is forecast to dip to 88%, having climbed to almost 91% in 2022. If that figure feels high, it’s worth remembering that it climbed to more than 97% during...
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by Jonathan Cook | Apr 22, 2024
UK retail sales flatlined in March, with increases in fuel sales offset by reductions by food businesses. In fact, if you exclude fuel UK retail sales fell by 0.3% month-on-month, well below February’s 0.3% growth outside of fuel. GBP/USD: the past year...
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by Jonathan Cook | Apr 22, 2024
Sterling ended last week underneath a wave of negative sentiment as markets reacted with unease to events in the Middle East. As typically happens at times of global stress, investors flocked to the US dollar, which ended Friday 0.4% up against the pound and around a...
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