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Shoppers and taxpayers boost sterling

Shoppers and taxpayers boost sterling

The Great British public has come to sterling’s aid this morning. Data released at 7am today showed that we were returning to the shops in our droves in January and paying our self-assessed taxes on time. Sterling has had a bounce upwards in response. To be fair, the...


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USD: Fed hawks lift dollar

The dollar has emerged as the week’s strongest performer after the Federal Reserve indicated that the era of high interest rates may not be over. This hawkish surprise has pushed US borrowing costs upward and solidified the dollar’s lead against most major...


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EUR: Euro holding steady

The euro has maintained a solid position against the pound this week, though it has struggled to keep pace with a surging US dollar. Despite brief volatility caused by rumours of leadership changes at the central bank, the ECB’s “steady as she goes” policy...


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GBP: Pound faces pressure

The pound opened near its lowest level of the year against the euro this morning, as cooling inflation increases the likelihood of a Bank of England rate cut in March. While the market has stabilised today, the currency remains fundamentally weak ahead of tomorrow’s...


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