by Jonathan Cook | Jan 19, 2024
The US dollar lost 0.15% against the pound while trading blows with the euro on Thursday. The US economy seems immune to the medicine it is being fed by the Federal Reserve. Increased lending costs were supposed to result in lower economic output, but yesterday’s...
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by Jonathan Cook | Jan 19, 2024
Thursday was a strange old day for currency markets, as each of the pound, the euro and the US dollar benefitted from their own set of tailwinds. A clearer trend emerged this morning, as sterling fell by 0.3% and 0.2% against the US dollar and the euro respectively....
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by Christopher Nye | Jan 18, 2024
The dollar went in two directions yesterday, strengthening against most major currencies but weakening against both the euro (slightly) and pound. There will be plenty of mid-level data to pick through today, including building permits and jobless claims. Tomorrow...
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by Christopher Nye | Jan 18, 2024
A generally positive day for the single currency, which strengthened against all but the inflation-boosted British pound. There isn’t a great deal to interest the markets today but tomorrow we will get a reading for German inflation expectations (PPI) and hear from...
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by Christopher Nye | Jan 18, 2024
Sterling strengthened by an average of 0.30% to 1% against major currencies yesterday in response to rising inflation, and the hopes of the money markets for interest rates staying higher for longer. Today is a moment or respite from big data in a hectic period, but...
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