by Jonathan Cook | Jan 2, 2024
EUR/USD rose by almost 4% in 2023, but the euro did give up some ground to a rallying pound. The first week of 2024 kicks off with several intriguing inflation prints. The headline rate has been falling rapidly in the eurozone, so expect calls for interest rate cuts...
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by Jonathan Cook | Jan 2, 2024
The pound was treading water against its major rivals last Friday but sat on healthy gains against the US dollar and the euro across the year. Economic forecasts for the UK in 2024 make for a pretty grim reading. GDP growth is expected to be around 0.5%, but progress...
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by Jonathan Cook | Jan 2, 2024
The pound, euro and US dollar all traded largely flat in a sleepy last session of 2023 last Friday. Minor overnight GBP/USD gains were quickly scrubbed out over the day, while the euro batted away a brief rally for the pound. The pound ended 2023 almost 6% up against...
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by Jonathan Cook | Dec 29, 2023
The euro lost some value to the US dollar yesterday but remains eight-tenths of a per cent up on the week. The eurozone has been a quiet place for macro data over the last week, but the first week of 2024 brings inflation and manufacturing reads. Expect next week’s...
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by Jonathan Cook | Dec 29, 2023
The US dollar advanced on its rival currencies in yesterday’s session, beating back post-Christmas gains for the pound and the euro. As we meet the last working day of 2023, what new year’s resolutions will dollar markets be dreaming up? Perhaps it should be steeling...
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