by Jonathan Cook | Feb 19, 2024
The pound underwent a couple of corrections last week as markets reacted to economic data. Sterling first fell on the news that inflation had undershot expectations before tumbling again as the UK officially entered a technical recession. Over the course of last week,...
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by Jonathan Cook | Feb 19, 2024
What better way to cast off the blues of recent days than a little retail therapy? News that sales had climbed by 3.4% in January (far more than the 1.5% that was expected) brought the week to a close on a slightly happier note for the UK. GBP/USD: the past year 1 Min...
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by Jonathan Cook | Feb 19, 2024
The euro has been steadily losing value to the pound and the US dollar since the beginning of 2024. Last week’s gains were only marginal, but the eurozone will take heart that its anchor has finally caught the seabed. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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by Jonathan Cook | Feb 19, 2024
The US Producer Price Index (PPI) climbed 0.3% in January, representing the largest increase in five months. For anyone familiar with the American healthcare system, it will be little surprise that the biggest increase was in the price of hospital care (2.2%)....
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by Charles Purdy | Feb 16, 2024
The pound fell almost across the board yesterday, largely wiping out the gains of the past week, and to around 1% down on the month against the Scandinavian and North American currencies. After a week of non-stop data there is nothing on the wires until Thursday, with...
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