The gloves appear to be off in the latest threat to global peace and security – that’s his words – as on Saturday President Trump ramped up the pressure on Denmark, Europe and NATO to come to a…
Read more
›
The US dollar was looking strong yesterday against all but the resurgent Australia dollar. The US dollar was supported by comments from US interest rate setter Raphael Bostic who indicated that he would be against an interest rate…
Read more
›
Overall, the single currency performed even worse than sterling last week, but the losses were minor against its major partners (although substantial against RUB, MXN and ZAR). We’ve got final inflation data coming out for 2025 on Monday.
Read more
›
Sterling lost up to half a percent against leading pairs yesterday even after positive news on the economy that probably killed off an interest rate cut next month. We’re back in sniper’s alley for sterling next week, with…
Read more
›
Sterling seemed to take its cue from the unremittingly grim English weather yesterday, losing between a quarter and half a percent against leading pairs. This was despite good news on the economy from the Office for National Statistics…
Read more
›
The mood across global markets was steadier this morning after a stronger-than-expected UK growth report and a calmer tone from investors worldwide.
Read more
›
The pound started Thursday strong after the upbeat growth data, supported by expectations that the Bank of England will keep signalling gradual rate cuts rather than abrupt changes. Falling borrowing costs (now at their lowest in over a…
Read more
›
The euro traded quietly this morning, with easing inflation offering support but renewed concerns over France’s deficit weighing on sentiment. Investors expect the European Central Bank to hold policy steady for now, but fiscal headlines could spark fresh…
Read more
›
