by Jonathan Cook | Dec 27, 2023
GBP/EUR dipped by around 0.75% last week, while sterling rose slightly against a weakened dollar. The question for the UK now is when the recession will arrive. With GDP falling and inflation now below 4%, the Bank of England will surely come under increasing pressure...
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by Jonathan Cook | Dec 27, 2023
The pound ended the last week before Christmas about seven tenths of a per cent down against the euro and 0.4% up against the US dollar. The US dollar saw a mild sell-off, as markets were happy to reaffirm their bets that the Federal Reserve is on course for Q1 rate...
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by Christopher Nye | Dec 22, 2023
Steep falls across the board yesterday for the dollar as the US economy appeared to be slowing down. There are some data releases this afternoon, including Personal Consumption Expenditures (PCE), before things slow down, although not stop, next week. On Boxing Day...
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by Christopher Nye | Dec 22, 2023
The single currency strengthened against the pound and US dollar yesterday, although the gains were fairly modest. It will be a busy end of the week for data, with business confidence readings for several European economies, plus Spanish GDP. While much of the UK may...
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by Christopher Nye | Dec 22, 2023
Sterling fell against just about all but the US dollar yesterday, taking it close to 2% down on the week compared to the various non-US dollars and Scandinavian currencies. Less of a drop against EUR and USD (around two thirds of a cent), and GBP/EUR remains above...
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