by Jonathan Cook | Feb 6, 2024
The US dollar made large gains over the pound and the euro in Monday’s session. It wasn’t just Jerome Powell that helped the dollar strengthen, but also improved ISM Services PMI. All signs now seem to point to a “higher for longer” outlook on interest rates than many...
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by Jonathan Cook | Feb 6, 2024
The euro continued to lose ground to its main rivals at the start of the new week. Just like the month before, the German trade surplus (i.e. exports minus inmports) widened in December. The balance of trade had been expected to sit around €17bn, so the final figure...
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by Jonathan Cook | Feb 6, 2024
Sterling advanced by around a quarter of a per cent against the euro while falling back against the US dollar. As we predicted might be the case yesterday, the UK’s services sector reported an expansion in January’s final S&P Global PMI survey. That figure ended...
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by Charles Purdy | Feb 5, 2024
The pound had a week of short, sharp rises and falls against the euro, which ultimately returned to where they started. Nevertheless, GBP/EUR is well over 0.5% up over the month and 5% (yes, five percent) up on this time last year. If you would like to fix this rate...
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by Jonathan Cook | Feb 5, 2024
The US dollar bounced back on Friday following red hot jobs data. What would Sir Isaac Newton make of the US economy? Interest rates are being held high, yet jobs are still being created and growth continues. When will the apple hit the ground? Where is the entropy?...
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