by Jonathan Cook | Jan 10, 2024
The US dollar made up much of the value it lost to the pound and the euro on Monday. The US dollar’s surge yesterday indicated a risk-off tone in financial markets. That came despite little new evidence from the American economy, although Thursday’s CPI figures and...
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by Jonathan Cook | Jan 10, 2024
The US dollar pared back some of Monday’s losses in yesterday’s trading, gaining ground over the pound and the euro. EUR/USD fell by a third of a per cent, while GBP/USD declined by a similar margin. GBP/EUR was little changed for the second day on the spin. That came...
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by Jonathan Cook | Jan 9, 2024
Yesterday was a good day for major European currencies, with both the pound and the euro making ground against the US dollar. GBP/USD and EUR/USD each climbed by a third of a per cent, while GBP/EUR ended the session unchanged after the euro shed its earlier gains....
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by Jonathan Cook | Jan 9, 2024
Sterling had a good time of it against the US dollar yesterday, but had to fight hard to end around parity against the euro. UK Chancellor Jeremy Hunt’s scheme to reduce national insurance from 12% to 10% came into effect this week. The treasury claims the move will...
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by Jonathan Cook | Jan 9, 2024
EUR/USD was on the rise yesterday, although the euro’s gains against the pound were wiped out as the afternoon wore on. The German balance of trade increased last month to a surplus of €20bn. The German manufacturing sector relies heavily on foreign exports, and the...
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