Against the US dollar, sterling has gained half a cent since yesterday. Against the euro, the pound has also recovered some composure, although it is close to 1% down on last week. Following the BRC’s good news for…
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With no meaningful data from either side of the Channel, yesterday the markets focused on the likelihood of an attempt to replace the prime minister. Along with the cost of borrowing, measured by bond yields, the pound-euro rate…
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Anyone who made a trade from pounds to euros or US dollars, or locked in the rate, last Wednesday will have been feeling pretty smug by Thursday afternoon. Sterling’s interesting start to February saw it hit a near…
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Sterling’s interesting start to February saw it hit a near five-year high on the US dollar and six-month high against the euro on Wednesday. It then drifted by some 2% against USD and just over 1% against EUR.…
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After a week where sterling’s sharp rise was unceremoniously reversed by a rethink on monetary policy, data comes back into the frame from midweek. There is the British Retail Sales monitor on Tuesday morning, then GDP on Thursday.…
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The markets looked at the politics and economics of the UK and Europe and put their money behind the euro at the tail end of last week. After 10 days ago, when EUR/USD hit its best since the…
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Last week there was a shock for the US labour market when JOLTs job openings were their worst for over five years. We’ll see if non-farm payrolls supports that trend on Wednesday. It would certainly support the case…
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The dollar is being pulled in two directions. On one side, a more hawkish-leaning narrative around Fed leadership has been supportive. On the other, the market still wants cold, hard data before it commits either way. Wednesday brings…
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