by Jonathan Cook | Apr 4, 2024
Sterling had a much improved day against the US dollar, climbing to its highest level since before Easter. However, the pound traded sideways against the euro and its success against the dollar was caused by unexpectedly low services data. The UK economy will need to...
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by Jonathan Cook | Apr 4, 2024
Yesterday was the ultimate game of two halves as macro data came on to play “super sub”, shaking up what had been a listless day of marginal moves. Markets had still been blowing away the cobwebs collected over the Easter holidays. Volumes were light on Wednesday...
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by Charles Purdy | Apr 3, 2024
It was a relatively positive day for the pound yesterday, bouncing back against the US dollar but treading water against the euro. We’re still around 3% up on both USD and EUR compared to this time last year, but that’s unlikely to be much comfort if the pound (or...
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by Julian Benson | Apr 3, 2024
New orders for manufactured goods in the US rose by 1.4% in February to €576.8 billion. This was above market expectations of a 1% increase and points to further resilience for the economy. USD/EUR past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Apr 3, 2024
The euro gained 0.3% against the US dollar yesterday following signs of expansion in HCOB manufacturing PMI results yesterday. The sector saw expansions in the euro area, Germany, France and Italy for March, while Spain contracted slightly, falling to 51.4 in March...
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