by Jonathan Cook | Jan 11, 2024
The euro made modest gains in yesterday’s session, adding 0.4% against the US dollar and around half that against the pound. GBP/USD rose by around a third of a per cent although there was an absence of punchy macro evidence to back up the swing. The euro’s...
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by Charles Purdy | Jan 10, 2024
While sterling has had a slightly negative start to the week against the euro, it retains most of its gains from last week and is still 1% up on where it started the year. As mentioned on Monday, we are entering shark-infested waters for anyone committed to a large...
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by Jonathan Cook | Jan 10, 2024
EUR/USD fell by around a third of a per cent yesterday, while GBP/EUR was essentially unchanged. The European economy has thus far proven itself fairly well insulated from higher interest rates. The eurozone’s unemployment rate fell to just 6.4% in November, bolstered...
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by Jonathan Cook | Jan 10, 2024
Sterling lost around half a cent against the US dollar yesterday but traded flat against the euro. The UK’s GDP fell by more than expected in October, so November’s numbers offer a clean slate when they land on Friday. Economic activity is expected to have expanded by...
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by Jonathan Cook | Jan 10, 2024
The US dollar made up much of the value it lost to the pound and the euro on Monday. The US dollar’s surge yesterday indicated a risk-off tone in financial markets. That came despite little new evidence from the American economy, although Thursday’s CPI figures and...
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