Chatting yesterday to someone about a weekend trip to Nice they’ve just booked for the spring, and knowing I was in the business, she asked if she should get her €500 spending money now, or wait until closer…
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It is a moderately quiet day for data today. Key data markets will be watching out for is GDP this Friday.
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Sterling's recovery from its historic low against the dollar in September seemed to have stalled towards the end of last week.
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The dollar is still enjoying its interest rate boost, prompted by Federal Reserve Chair Jerome Powell’s hawkish comments on interest rates. Two days after hiking rates by another 75 basis points to 4% he said it was “very…
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The single currency has made losses against most major currencies in the past 24 hours, apart from the pound, against which it has strengthened by close to 1%. That has, indeed, been the pattern of the week, with…
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It’s been a torrid week for sterling, weakening by between 1.5% and 3.5% against its closest 10 rivals, and by even more against currencies like the high-flying Brazilian real. Nevertheless there is evidence of stability and some recovery…
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It wasn’t so much the widely expected 75 basis-point rise in interest rates – the largest for 33 years – that has sunk the pound, as the Bank’s warning of a two-year recession and doubling unemployment. There was…
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After a choppy week, the US dollar made gains against the pound. This has continued this morning and it is now 2.9% higher than yesterday's rate.
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