by Jonathan Cook | Jan 25, 2024
Sterling enjoyed a strong day, climbing by 0.7% against the dollar and around 0.15% against the euro. The PMI figures for the UK were full of promise. Holding off geopolitical risk, activity in the UK manufacturing and services sectors improved in January, a sign of...
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by Jonathan Cook | Jan 25, 2024
The US dollar lost around two thirds of a per cent to both the pound and the euro over the course of Wednesday’s action. There’s so much US data scheduled for today that it’s almost hard to pick out the most important release. Q4 GDP growth will be closely...
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by Jonathan Cook | Jan 25, 2024
Sterling was boosted by data on Wednesday to record a 0.75% rise against the US dollar. It was a more topsy-turvy ride in GBP/EUR markets, but the pound still ended the day slightly up against its continental rival. The euro also fought back against the US dollar and...
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by Charles Purdy | Jan 24, 2024
Sterling hit its highest point for well over four months yesterday against the euro. Indeed it has not been this high consistently since the summer of 2022. It may not stay this high for long this time either, with the European Central Bank pronouncing on interest...
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by Jonathan Cook | Jan 24, 2024
The euro gradually pared back some of the pounds gains yesterday, but EUR/USD still fell by 0.5%. As if things weren’t hard enough for ECB president Christine Lagarde, it seems even her own staff are now turning on her. A majority of respondents in a union survey said...
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