The pound against the euro has been bumping along at roughly this level since before Christmas – the technical term is ‘range bound’ – it won’t go on for ever and is as likely to move decisively down…
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The dollar has declined almost across the board in the past week and month – including a near 3% decline against the pound bringing it within a whisker of a 10-month low.
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The euro has enjoyed an excellent week with decisive rises against most currencies over the week and month, but a patchier result against sterling.
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Sterling has strengthened against most major rivals following news that the UK beat recession by a safer margin that previously thought in the second half of 2022. This morning the pound came close to a 10-month high against…
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March has been positive for sterling, rising against almost all of its major rivals including a gain of around 3-4% on the US and Australian dollars and Norwegian krone, but relatively unchanged against the euro. That was the…
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Pending home sales, a leading indicator of economic health in the US, rose 0.8% month-over-month in February. This came after an 8.1% jump in January 2023 and marks the highest level seen since August 2022.
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This morning, data from the National Statistics Institute revealed that Spain’s annual inflation eased from the month before.
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While giving evidence to the Treasury Select Committee, chancellor Jeremy hunt said the Bank of England has not ruled out a big fuel duty hike next year.
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