by Charles Purdy | Feb 9, 2026
Anyone who made a trade from pounds to euros or US dollars, or locked in the rate, last Wednesday will have been feeling pretty smug by Thursday afternoon. Sterling’s interesting start to February saw it hit a near five-year high on the US dollar and six-month high...
read more
by Charles Purdy | Feb 9, 2026
Sterling’s interesting start to February saw it hit a near five-year high on the US dollar and six-month high against the euro on Wednesday. It then drifted by some 2% against USD and just over 1% against EUR. The pound’s sudden fall was caused by two things. Firstly,...
read more
by Christopher Nye | Feb 9, 2026
After a week where sterling’s sharp rise was unceremoniously reversed by a rethink on monetary policy, data comes back into the frame from midweek. There is the British Retail Sales monitor on Tuesday morning, then GDP on Thursday. We’ve also got some members of the...
read more
by Christopher Nye | Feb 9, 2026
The markets looked at the politics and economics of the UK and Europe, and put their money behind the euro at the tail end of last week. After 10 days ago, when EUR/USD hit its best since the spring of 2020, it has slipped back but remains stable. It’s Europe’s time...
read more
by Christopher Nye | Feb 9, 2026
Last week there was a shock for the US labour market when JOLTs job openings were their worst for over five years. We’ll see if non-farm payrolls supports that trend on Wednesday. It would certainly argue the case for interest rate cuts, so watch out for the dollar...
read more
