by Jonathan Cook | Feb 7, 2024
The pound recorded gains of around a third of a per cent against both the euro and the US dollar on Tuesday. The UK’s construction industry is moving in the right direction. Even if the S&P Global Construction PMI remained in negative territory (below 50) in...
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by Jonathan Cook | Feb 7, 2024
The US dollar fell back against the pound and the euro yesterday. Joe Biden’s decision to pause student loan repayments during the pandemic certainly helped the US economy, but it does not seem to have made a dent in the wall of consumer debt. The US again recorded...
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by Jonathan Cook | Feb 7, 2024
The pound regained its footing yesterday to post a much more positive day against its main rivals. Tuesday was light on news but provided a reminder of just how quickly things can change in currency markets. GBP/EUR climbed by around a third of a per cent, roughly the...
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by Jonathan Cook | Feb 6, 2024
There was no respite for the euro yesterday, as the single currency continued to stumble against the pound and the US dollar. GBP/EUR remains in touching distance of recent highs, while the US dollar surged by 1.1% and 0.9% respectively against the euro and sterling...
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by Jonathan Cook | Feb 6, 2024
The US dollar made large gains over the pound and the euro in Monday’s session. It wasn’t just Jerome Powell that helped the dollar strengthen, but also improved ISM Services PMI. All signs now seem to point to a “higher for longer” outlook on interest rates than many...
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