by Jonathan Cook | Jan 2, 2024
The US dollar lost some ground to the pound and the euro over the last year but remains well up compared to before the pandemic after posting a succession of strong years. The Federal Reserve’s policy committee members were far more vocal in praising the economy’s...
read more
by Jonathan Cook | Jan 2, 2024
EUR/USD rose by almost 4% in 2023, but the euro did give up some ground to a rallying pound. The first week of 2024 kicks off with several intriguing inflation prints. The headline rate has been falling rapidly in the eurozone, so expect calls for interest rate cuts...
read more
by Jonathan Cook | Jan 2, 2024
The pound was treading water against its major rivals last Friday but sat on healthy gains against the US dollar and the euro across the year. Economic forecasts for the UK in 2024 make for a pretty grim reading. GDP growth is expected to be around 0.5%, but progress...
read more
by Jonathan Cook | Jan 2, 2024
The pound, euro and US dollar all traded largely flat in a sleepy last session of 2023 last Friday. Minor overnight GBP/USD gains were quickly scrubbed out over the day, while the euro batted away a brief rally for the pound. The pound ended 2023 almost 6% up against...
read more
by Jonathan Cook | Dec 29, 2023
The euro lost some value to the US dollar yesterday but remains eight-tenths of a per cent up on the week. The eurozone has been a quiet place for macro data over the last week, but the first week of 2024 brings inflation and manufacturing reads. Expect next week’s...
read more
