by Jonathan Cook | Mar 11, 2024
It now seems the ECB has committed to cutting interest rates in June. A lot can change in that time though, and the eggheads at Bloomberg tempered this by saying that the ECB may be waiting for the Federal Reserve to cut before it can do itself. One to watch as we...
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by Jonathan Cook | Mar 11, 2024
Who could say they expected this? The pound was relatively unmoved by the chancellor’s speech and the 2p-reduction to national insurance, but ended the week zooming up against its main rivals. A sign of strength? Perhaps, but more likely it was in response to...
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by Jonathan Cook | Mar 11, 2024
Sterling benefited from an updraught of economic developments to end budget week almost 0.5% up against the euro and touching eight-month highs against the US dollar. EUR/USD also found some traction, gaining more than 1% over the course of last week. The pound’s...
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by Charles Purdy | Mar 11, 2024
The pound has returned close to its strongest position since August 2022 against the euro, and its strongest since last July against the US dollar. The dollar’s weakening is easy to explain. It follows a revision downwards of previous new job numbers in the US...
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by Christopher Nye | Mar 8, 2024
It’s the first Friday of the month so its Non-Farm Payrolls in the USA this afternoon, with America’s key measure of the labour market expected to show a significant drop to around 200,000. However, judging by recent NFPs the only surprise would be no surprises....
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