by Jonathan Cook | Feb 5, 2024
After a packed week that saw key data, interest rate announcements and big swings in exchange rates, it’s safe to say the weekend was a welcome sight for currency markets. Sterling continued to trade well against the euro, but the US dollar was the big gainer of the...
read more
by Jonathan Cook | Feb 5, 2024
The euro had its moments last week but continues to struggle against the pound while losing almost 1% to the US dollar. The euro has played third fiddle to its two main rivals this year. Progress on inflation has been good, and the euro has dipped as markets assume...
read more
by Charles Purdy | Feb 2, 2024
The dollar fell across the board yesterday by between 0.5 and 1%, with the bigger losses to GBP and EUR. However, recent sessions have been choppy and that could continue this afternoon with Non-Farm Payrolls at 1.30pm UK time. For more on currencies and currency risk...
read more
by Charles Purdy | Feb 2, 2024
While the UK’s focus was on interest rates, the single currency made modest gains yesterday, based on mixed inflation data – a fall from last month to 2.8% year on year (3.3% for core inflation) but not much of a fall. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
read more
by Charles Purdy | Feb 2, 2024
After the excitement of an interest rate week, things go a little quiet for macro-economic data today and next week. However, there will be house price data next week from the Halifax and from RICS surveyors. Will it show a continued rebound in property prices?...
read more
