by Jonathan Cook | Mar 12, 2024
The single currency started the week by clawing back some of its losses to the pound. It could not stop the bleeding against the US dollar, but with the eurozone’s light data schedule the door could be open to another comeback as the week rolls on. GBP/EUR: the past...
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by Jonathan Cook | Mar 12, 2024
The ONS uses a “basket” of goods to track price rises. The items it uses are typically consumer staples or more trendy purchases, so it’s no surprise to see air fryers and vinyl records added to the new selection of goods. Hand sanitiser and sofa beds are two of the...
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by Jonathan Cook | Mar 12, 2024
The pound fell back slightly from recent highs against its peers, falling by around a third of a per cent against the euro and the US dollar. The US dollar also rebounded against the euro, with EUR/USD falling by roughly the same margin. The UK unemployment rate...
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by Jonathan Cook | Mar 11, 2024
Last week, we wondered if the US labour market had finally started to slow. Well, not according to Friday’s JOLTs job openings, which came in far hotter than most had expected. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on...
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by Jonathan Cook | Mar 11, 2024
It now seems the ECB has committed to cutting interest rates in June. A lot can change in that time though, and the eggheads at Bloomberg tempered this by saying that the ECB may be waiting for the Federal Reserve to cut before it can do itself. One to watch as we...
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