European shares cut some losses to trade 1% lower on Friday afternoon. These losses were largely from financials. Europe’s banking index fell by more than 4% and Deutsche Bank lost around 7.4%.
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Non-farm payrolls measure the change of people employed in the month prior. On Friday, we heard it increased by 311,000 in February – considerably more than the expected 205,000.
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The pound starts the week where it began last week against the euro but a little stronger against the US dollar. That hardly tells the whole story though, when GBP/USD slipped to four-month lows midweek and GBP/EUR wasn’t…
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It was all downhill for the US dollar against sterling yesterday as it drifted from midweek’s strong rises in the wake of Jerome Powell’s hawkish testimony to the US Senate.
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The single currency strengthened decisively against the US and Canadian dollars yesterday while losing roughly 0.35% against sterling. Those losses have been extended this morning.
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Sterling bounced back yesterday from the heavy losses of Tuesday, recovering much of what it had lost against USD and all that it had lost against the euro. This morning the upward trajectory has continued, following excellent news…
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Sterling recovered strongly over the course of yesterday, gaining around 0.75% against the US, Canadian and Australian dollars and half of that against the euro. That has been boosted further this morning by news that the economy grew…
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The department of Labor will release its initial jobless claims data at 1:30pm UK time. The data will provide clues on how many Americans filed for unemployment insurance for the first time over the past week.
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