by Jonathan Cook | Dec 19, 2023
USD/GBP and EUR/GBP gained by around 0.3% and 0.4% respectively yesterday ahead of Wednesday’s UK inflation release. Sterling had enjoyed a strong end to last week after the Bank of England (BoE) suggested they shaded more hawkish on rates than other central banks....
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by Jonathan Cook | Dec 19, 2023
USD/GBP was boosted by around a third of a per cent yesterday, with the US dollar losing a touch of ground to the euro. US homebuilders are becoming more confident that lower borrowing costs will boost their industry. We’ll get a bit more detail on this today with the...
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by Charles Purdy | Dec 18, 2023
Much of the world may be winding down for Christmas, but for the business world and economic data this is a busy week. For the UK, the week will be dominated by the inflation reading on Wednesday morning and then, just as people throng to the shops for last minute...
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by Julian Benson | Dec 18, 2023
The pound soared to a four-month high against the US dollar on Friday following the Bank of England’s decision to keep interest rates on hold. The GBP/USD rate dropped slightly at the end of Friday’s session but remains over 1% higher since this time last week. The UK...
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by Julian Benson | Dec 18, 2023
The US dollar was on the back foot last week following the Federal Reserve’s decision to keep US interest rates unchanged at 5.25%-5.5%. The US dollar is currently 1.22% and 1.49% lower against the pound and euro, respectively, on the week. For more on currencies and...
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