by Jonathan Cook | Feb 20, 2024
Andrew Bailey probably has enough to worry about without former policymakers weighing in on policy. Bailey’s namesake took to the airwaves on Monday to warn about the impact of high interest rates on the UK economy. It’s an argument that deserves to be heard, but one...
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by Jonathan Cook | Feb 20, 2024
It was a distinctly quiet day for eurozone data, but Spanish consumer confidence did rise slightly in January, along with a slight widening of the country’s trade deficit. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Feb 20, 2024
Federal employees in the US were celebrating a holiday yesterday (Presidents’ Day), hence the lack of activity on the other side of the Atlantic. When markets return today, they will no doubt have Wednesday’s FOMC minutes circled in their calendars as this week’s main...
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by Charles Purdy | Feb 19, 2024
The currency markets were kept guessing last week by a constant supply of the highest level economic data, after which we are left really none the wiser on how the UK economy is doing. Yes, we are in a technical recession, but people are still spending well in the...
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by Jonathan Cook | Feb 19, 2024
The pound underwent a couple of corrections last week as markets reacted to economic data. Sterling first fell on the news that inflation had undershot expectations before tumbling again as the UK officially entered a technical recession. Over the course of last week,...
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