by Jonathan Cook | Feb 5, 2024
Sterling clung onto its recent highs against the euro, but GBP/USD lost two thirds of a per cent last week. Monday begins with the final number of the S&P Global Services PMI in January. The UK is well ahead of the equivalent surveys in Europe, and an adjustment...
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by Jonathan Cook | Feb 5, 2024
After a packed week that saw key data, interest rate announcements and big swings in exchange rates, it’s safe to say the weekend was a welcome sight for currency markets. Sterling continued to trade well against the euro, but the US dollar was the big gainer of the...
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by Jonathan Cook | Feb 5, 2024
The euro had its moments last week but continues to struggle against the pound while losing almost 1% to the US dollar. The euro has played third fiddle to its two main rivals this year. Progress on inflation has been good, and the euro has dipped as markets assume...
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by Charles Purdy | Feb 2, 2024
The dollar fell across the board yesterday by between 0.5 and 1%, with the bigger losses to GBP and EUR. However, recent sessions have been choppy and that could continue this afternoon with Non-Farm Payrolls at 1.30pm UK time. For more on currencies and currency risk...
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by Charles Purdy | Feb 2, 2024
While the UK’s focus was on interest rates, the single currency made modest gains yesterday, based on mixed inflation data – a fall from last month to 2.8% year on year (3.3% for core inflation) but not much of a fall. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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