UK GDP came in at just 0.1% this morning, half what economists expected, and sterling fell on the news. With the Bank of England already leaning towards a cut, the pressure on the pound is building.
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A defiant Sir Keir Starmer vowed yesterday to “never walk away from the country I love” after a damaging political crisis that has wiped more than 1% off the pound to euro rate since this time last week.
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Commerce secretary Howard Lutnick is not buying into American pessimism. In a wide-ranging hearing in Congress yesterday, Lutnick predicted annualised growth could hit 6% in the first quarter of 2026. He was also forced to acknowledge he had…
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The euro held steady against its key rivals on Tuesday and remains within touching distance of a four-year high over the US dollar. The absence of substantive data limited the euro’s ability to make further headway.
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The prime minister withstanding calls to stand down had a stabilising effect on the pound yesterday. But few expect the calm to last long, with some political risk still being priced into sterling ahead of the May local…
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A defiant Sir Keir Starmer vowed yesterday to “never walk away from the country I love” amid a damaging political crisis that has sent the pound tumbling in the past week.
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We’re halfway through jobs week in the USA, with one report already showing the labour market in poor shape (‘softer’, in economics parlance) and Non-Farm Payrolls due tomorrow. Even so, these are relatively quiet times for President Trump…
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When you can see a mixture of green and red on the board, a currency is in reactive mode, and that’s been the euro in recent days. The steadiness of the ECB’s interest rate policy is allowing the…
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