by Jonathan Cook | Dec 6, 2023
EUR/GBP treaded water (albeit at high levels) yesterday, while the euro slid by around 0.5% against a resurgent US dollar. We’ll have to wait until the tail end of this week to get any more seriously juicy eurozone data. This morning will at least give us an insight...
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by Jonathan Cook | Dec 6, 2023
GBP/EUR continued to trade in and around multi-month highs yesterday, although both currencies had a tougher time of it against the US dollar. Sterling ended Tuesday around 0.25% down on the US dollar, while EUR/USD sank by around 0.5%. Markets seem to be making a...
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by Charles Purdy | Dec 5, 2023
It was a positive day for the dollar, with strong gains against all major rivals, including around half a percent against the pound, euro and yen. The dollar index has been gaining steadily over the past week, by around 1%. Will that change as more economic data...
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by Charles Purdy | Dec 5, 2023
The euro lost out to all of its major rivals except for a (very small) gain on sterling yesterday. Today there will be a mass of PMI data out for individual countries and the eurozone as a whole. Spain’s has already come in; a little disappointing, with composite PMI...
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by Charles Purdy | Dec 5, 2023
The pound’s resurgence was stopped in its tracks yesterday, in a quiet day for data, while GBP/USD could best be described as choppy. Overnight we have had a reading for the British Retail Consortium (BRC) retail sales monitor of a 2.7% rise in sales since last...
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