by Charles Purdy | Feb 16, 2024
The single currency gained closed to half a percent against the US dollar yesterday and a little less, overall, against the pound. A quiet start to the week next week for European data, with a wait until Wednesday for eurozone consumer confidence and PMI on Thursday....
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by Charles Purdy | Feb 16, 2024
The dollar slid sharply across the board yesterday. Next week there will be the minutes of the Federal Open Market Committee (the FOMC), giving a better clue as to the thinking of the Fed on interest rates. For more on currencies and currency risk management...
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by Charles Purdy | Feb 16, 2024
After hitting a six-month high earlier in the week, sterling took a tumble yesterday against the euro, falling by close to 1% from its highest point in the week between Wednesday morning and Thursday. The backdrop to GBP/EUR’s rocky week was an endless stream of the...
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by Jonathan Cook | Feb 15, 2024
January’s headline inflation read in the UK was unchanged from December at 4%, sending the pound down by around 0.4% against the euro and by a third of a per cent against the US dollar. The euro enjoyed a much better time of things on Wednesday, gaining against the...
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by Jonathan Cook | Feb 15, 2024
The pound fell back against its main rivals on Wednesday after January’s inflation figures undershot expectations. Despite cooling inflation, Andrew Bailey is still playing hardball over interest rates. The Bank’s governor noted that progress had been made but...
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