by Jonathan Cook | Apr 22, 2024
Sterling ended last week underneath a wave of negative sentiment as markets reacted with unease to events in the Middle East. As typically happens at times of global stress, investors flocked to the US dollar, which ended Friday 0.4% up against the pound and around a...
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by Christopher Nye | Apr 19, 2024
The US dollar was once again the winner, extending its gains against the euro and pound to close to 1% on the week. Other than the aforementioned PMI there will be little to interest the markets until midweek, with durable goods orders and quarterly GDP. For more on...
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by Christopher Nye | Apr 19, 2024
The single currency was severely on the backfoot yesterday, as the markets perhaps began to accept that rate cuts were coming from the ECB earlier than the Fed. On Monday we’ll get a flash reading for eurozone consumer confidence, then business confidence on Tuesday...
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by Christopher Nye | Apr 19, 2024
Later today we’ll be hearing from more Bank of England interest rate setters. Will they follow Andrew Bailey’s line that inflation is firmly on the way down and all is not lost for rate cuts sooner rather than later? Next week kicks off with the CBI Business Optimism...
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by Charles Purdy | Apr 19, 2024
Overnight, GBP/USD weakened to its lowest level since November 2023. Against the euro, on Wednesday sterling fell to its lowest level for more than a week, from what had been a five-week high, and has been struggling to recover ever since. The markets have been trying...
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