by Christopher Nye | Jan 5, 2026
The ongoing market reaction after the Venezuela attack will be instructive. Will the euro be seen as a safe haven currency or will it weaken? Following Friday’s disappointing manufacturing PMI across the bloc, we’ll hear services tomorrow. We’ll also get the inflation...
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by Christopher Nye | Jan 5, 2026
Sterling ended last week still at – or close to – a four-month high on USD, and despite early support for the dollar we are in a volatile situation. Later this morning we’ll be getting some Bank of England data through about mortgage approvals and consumer credit,...
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by Christopher Nye | Jan 5, 2026
The fact that it was on a Friday night that American forces captured President Maduro of Venezuela and announced they would run the country now, has given the currency markets a couple of days to work out the implications. So far, in early trading the US dollar has...
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by Christopher Nye | Jan 2, 2026
A new year may bring an optimistic outlook for business and individuals but it looks in short supply for a dollar already blighted by the likelihood of a more doveish Federal Reserve when Jerome Powell leaves his post as chair in the spring. Next week will be all...
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by Christopher Nye | Jan 2, 2026
Since the start of summer the euro has been cruising along at high altitude against the US dollar (13% stronger than the early part of the year) and there is no sign of that slackening off just yet. Final PMI results come out today as we see how confident European...
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