by Jonathan Cook | Jan 13, 2026
The war of words between Donald Trump and the Federal Reserve escalated in dramatic fashion to start the week, as the US Justice Department served grand jury subpoenas and threatened to indict chair Jerome Powell. All this was supposedly over the Fed’s recent building...
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by Charles Purdy | Jan 12, 2026
If your New Year Resolution was to hear less of the word ‘Trump’, how is that going for you? Unfortunately, for anyone with a large international transaction coming up, the actions of the US president continue to affect the pound, euro or US dollar in your pocket. The...
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by Charles Purdy | Jan 12, 2026
At the end of a week where geopolitics dominated, economics was back in the spotlight on Friday with US non-farm payrolls. This is the most widely trusted measure of the US labour market and while it said that hiring was quieter, the numbers were not viewed as...
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by Christopher Nye | Jan 12, 2026
After a pretty negative week for the single currency it has lost some 1-2% against major pairs including the pound and US dollar. The background is a depressing economic mood. It’s a quiet period for data but, with the geopolitical environment right now, economic news...
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by Christopher Nye | Jan 12, 2026
Having gained sharply at the start of the week following the US intervention in Venezuela – against almost all currencies – sterling settled down over the course of the week. However, it remains close to a four-month high against the euro and US dollar. The data...
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