by Jonathan Cook | Jan 24, 2024
The US dollar reversed its downward trend yesterday, gaining around half a per cent against the euro and the pound. US home sales were at their lowest in 30 years in 2023, according to a report in the Wall Street Journal. The increased cost of borrowing weighed on...
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by Jonathan Cook | Jan 24, 2024
The pound soared to its highest level against the euro since September yesterday, boosted by a broader rally in market confidence. Both sterling and the euro lost value to the US dollar, however, which fought back after a slow start to the week. GBP/EUR rose by around...
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by Julian Benson | Jan 23, 2024
The European Central Bank is expected to stick to the status quo tomorrow by holding interest rates at 4.5%. EUR/GBP: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Jan 23, 2024
Ahead of the ECB announcement, the pound edged up close to one-fifth of a per cent against the euro. There is a lack of high-level data releases in the UK this week, so it remains in a reactive state, depending on foreign economic data to send it higher. GBP/USD: the...
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by Julian Benson | Jan 23, 2024
The US dollar started the week on the back foot due to a lack of market-moving data. Later this week, economists will receive figures for the US GDP and personal consumption expenditures price index. USD/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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