The pound finished last week firmer, helped by signs from PMI that the UK economy may have carried more momentum into the new year than markets had assumed. GBP/EUR swung 1% over the week but ended up where…
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The euro gained more than 3% against the dollar last week, surging on Friday evening as the Trump/Greenland mood turned more doveish. The latest eurozone PMI snapshot continued to signal expansion, with services doing most of the heavy…
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The dollar declined in a series of steps over last week, overall ending up 2.3% down on the euro, 2% down on sterling and considerably worse against the commodity backed currencies such as AUD and NOK. This week…
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After an initial wobble caused by the cooling of geopolitical tensions, the US dollar is being supported by yet another solid labour market report, which reinforces the view that the Federal Reserve can afford to keep rates restrictive…
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The euro was in two minds yesterday, losing to the pound (marginally) but gaining on USD and the yuan, possibly in reaction to the minutes of the ECB’s latest meeting. This was broadly confident of recent economic performance…
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Sterling outperformed its major peers yesterday, driven by a sharp repricing of Bank of England interest rate expectations. Following the rise in headline inflation to 3.4%, and bolstered by today’s news of retail sales growth, markets have all…
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The threat of an immediate transatlantic trade war has receded, replaced by a tentative sense of relief across global markets. President Trump’s call for “immediate negotiations” regarding the US purchase of Greenland has been interpreted by investors as…
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The greenback is sliding across the board as the "fear factor" exits the market. Investors are unwinding the safe-haven positions built up earlier in the week, pushing the dollar down against almost all major rivals. With the trade…
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