by Jonathan Cook | Mar 7, 2024
It was relatively smooth sailing for sterling yesterday, as far as budget days go. GBP/USD traded sideways, while the pound lost a little under 0.25% to the euro. EUR/USD advanced by a third of a per cent ahead of the European Central Bank’s interest rate decision...
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by Charles Purdy | Mar 6, 2024
Sterling moved higher against the euro and US dollar yesterday, reaching a 10-day or so high against the euro and month-long high against the dollar. To fix this rate, call your account manager on 020 7898 0541. It all came ahead of today’s red-letter day in the...
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by Jonathan Cook | Mar 6, 2024
Tomorrow is one of those manic days that sometimes roll in like sea storms. Federal Reserve chair Jerome Powell is due to speak soon after the UK budget, while JOLTs job openings conclude proceedings. USD/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Mar 6, 2024
Let’s have a look at Europe while we’re discussing PMI indexes. In the slightly different Hamburg Commercial Bank (HCOB) studies, German services and composite PMI are still languishing in negative territory, while the combined eurozone PMI read creeped above 50 to...
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by Jonathan Cook | Mar 6, 2024
As a services-heavy economy, it was a blow to the UK to have its final read for the S&P Global PMI survey revised down. Looking at the bigger picture though, sentiment has improved to its highest level in two years, while the index is still perched far higher than...
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