by Jonathan Cook | Jan 31, 2024
The pound lost half a cent to both the euro and the US dollar on Tuesday before recovering slightly in the evening session. Borrowing statistics out yesterday should not be lost amid the interest rate clamour. Most metrics of consumer lending tightened in the UK last...
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by Charles Purdy | Jan 30, 2024
The dollar moved very little yesterday, in a day with little to excite the markets. That may change this afternoon with the first of the month’s big labour market readings, JOLTS job openings, leading up to the Fed’s interest rate decision tomorrow. That will be...
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by Charles Purdy | Jan 30, 2024
The euro continued to weaken yesterday as evidence builds of the eurozone’s hard landing from the interest rate rising cycle. The data is coming in thick and fast today. Watch out for French and Spanish GDP and inflation shortly, with the all-important German economic...
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by Charles Purdy | Jan 30, 2024
Sterling continued to tick upwards against the euro yesterday, while making little headway anywhere else and, indeed, falling by between a third and half a percent against the yen and Australasian dollars. Later this morning we will get some data on mortgage approvals...
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by Charles Purdy | Jan 30, 2024
Sterling finally hit its highest level against the euro for 18 months yesterday, after threatening to for the whole of January. GBP/EUR is now more than 1.7% stronger than the start of the year and 3% stronger than a year ago. A very different story for GBP/USD,...
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