by Jonathan Cook | Jan 3, 2024
Sterling fell by three quarters of a per cent against the US dollar yesterday while treading water against the euro. The UK economy reached another unwanted milestone yesterday, marking 17 months in a row the S&P Manufacturing PMI has sat in negative territory....
read more
by Jonathan Cook | Jan 3, 2024
EUR/USD fell by just under 1% yesterday, as the US dollar benefitted from altered interest rate expectations. It was a mixed day for the eurozone owing largely to a conflicting set of data from the manufacturing sector. The HCOB index increased in Germany, undoubtedly...
read more
by Jonathan Cook | Jan 3, 2024
The US dollar jumped up against its major rivals yesterday, buoyed by the possibility of interest rates being kept higher for longer. Two big macro reads are due today – the ISM manufacturing index and JOLTs job openings. Both metrics are expected to stay in the same...
read more
by Jonathan Cook | Jan 3, 2024
The US dollar began 2024 on the front foot, gaining almost a cent against the euro and the pound in the first session of the year. While the GBP/EUR exchange rate remained largely unchanged yesterday, sterling plummeted against the US dollar, losing three-quarters of...
read more
by Jonathan Cook | Jan 2, 2024
The US dollar lost some ground to the pound and the euro over the last year but remains well up compared to before the pandemic after posting a succession of strong years. The Federal Reserve’s policy committee members were far more vocal in praising the economy’s...
read more
