Sterling staged something of a rally on Monday, surging ahead against the US dollar and threatening to retake last week's high against the euro. As investors fled a febrile US dollar, the pound is benefitting from some promising…
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The war of words between Donald Trump and the Federal Reserve escalated in dramatic fashion to start the week, as the US Justice Department served grand jury subpoenas and threatened to indict chair Jerome Powell. All this was…
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If your New Year Resolution was to hear less of the word ‘Trump’, how is that going for you? Unfortunately, for anyone with a large international transaction coming up, the actions of the US president continue to affect…
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At the end of a week where geopolitics dominated, economics was back in the spotlight on Friday with US non-farm payrolls. This is the most widely trusted measure of the US labour market and while it said that…
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After a pretty negative week for the single currency it has lost some 1-2% against major pairs including the pound and US dollar. The background is a depressing economic mood. It’s a quiet period for data but, with…
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Having gained sharply at the start of the week following the US intervention in Venezuela – against almost all currencies – sterling settled down over the course of the week. However, it remains close to a four-month high…
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The currency markets don’t know quite where to turn in the new reality of the ‘Donroe Doctine’. Is the US threatening neighbours a risk or an opportunity? So, while there were gains they were quite modest for USD…
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The first full week back has provided plenty of drama and a few bumps for the pound. A cautious mood in currency markets on Thursday saw the pound and euro trade blows but finish the day more or…
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