by Jonathan Cook | Feb 21, 2024
The pound fell to near its lowest point against the euro since the beginning of the year yesterday, at one point down by almost 1% since last week. Sterling later recovered to finish almost unchanged against the euro and GBP/USD rose by 0.5%. The euro meanwhile...
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by Jonathan Cook | Feb 20, 2024
Things were muted in the world of foreign exchange yesterday, primarily the result of scarce economic data. Sterling treaded water against the euro and the US dollar, while EUR/USD lost a measly 0.1% over the course of Monday. One place that certainly wasn’t quiet was...
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by Jonathan Cook | Feb 20, 2024
Andrew Bailey probably has enough to worry about without former policymakers weighing in on policy. Bailey’s namesake took to the airwaves on Monday to warn about the impact of high interest rates on the UK economy. It’s an argument that deserves to be heard, but one...
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by Jonathan Cook | Feb 20, 2024
It was a distinctly quiet day for eurozone data, but Spanish consumer confidence did rise slightly in January, along with a slight widening of the country’s trade deficit. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Feb 20, 2024
Federal employees in the US were celebrating a holiday yesterday (Presidents’ Day), hence the lack of activity on the other side of the Atlantic. When markets return today, they will no doubt have Wednesday’s FOMC minutes circled in their calendars as this week’s main...
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