by Ryan Morrison | Jan 14, 2026
The pound held its ground as traders looked past softer UK retail and spending figures. Consumer spending in December fell at its sharpest pace since 2021, but sterling’s stability suggests markets are waiting for this week’s GDP report before adjusting expectations...
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by Ryan Morrison | Jan 14, 2026
Global financial institutions took the unusual step of closing ranks on Monday, issuing a coordinated defence of the US Federal Reserve’s independence amid deepening tension between President Trump and Fed chair Jerome Powell. The joint statement — signed by the heads...
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by Jonathan Cook | Jan 13, 2026
US dollar investors have long worried about the prospect of the White House trampling over the Federal Reserve’s independence. Political pressure on rate-setters eroded confidence in the dollar last year, but the latest salvo marked a new phase altogether. There is a...
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by Jonathan Cook | Jan 13, 2026
Rather than provide clarity, last week’s European inflation reports muddied the picture for the European Central Bank (ECB) somewhat. With headline inflation falling below target in large member-state economies, the euro was weighed down a little to start the week as...
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by Jonathan Cook | Jan 13, 2026
Sterling staged something of a rally on Monday, surging ahead against the US dollar and threatening to retake last week’s high against the euro. As investors fled a febrile US dollar, the pound is benefitting from some promising tailwinds and a soft improvement...
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