by Jonathan Cook | Feb 7, 2024
The euro once again lost value to the pound but did fight back to finish the day up over the dollar. Eurozone retail figures for December showed that retail sales fell by 1.1% month-on-month, driven by a steep drop in online sales. GBP/EUR: the past year 1 Min 5 Min 1...
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by Jonathan Cook | Feb 7, 2024
The pound recorded gains of around a third of a per cent against both the euro and the US dollar on Tuesday. The UK’s construction industry is moving in the right direction. Even if the S&P Global Construction PMI remained in negative territory (below 50) in...
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by Jonathan Cook | Feb 7, 2024
The US dollar fell back against the pound and the euro yesterday. Joe Biden’s decision to pause student loan repayments during the pandemic certainly helped the US economy, but it does not seem to have made a dent in the wall of consumer debt. The US again recorded...
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by Jonathan Cook | Feb 7, 2024
The pound regained its footing yesterday to post a much more positive day against its main rivals. Tuesday was light on news but provided a reminder of just how quickly things can change in currency markets. GBP/EUR climbed by around a third of a per cent, roughly the...
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by Jonathan Cook | Feb 6, 2024
There was no respite for the euro yesterday, as the single currency continued to stumble against the pound and the US dollar. GBP/EUR remains in touching distance of recent highs, while the US dollar surged by 1.1% and 0.9% respectively against the euro and sterling...
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