by Christopher Nye | Feb 2, 2026
After a strong start to last week for GBP/EUR it hits February 0.6% up on a month ago. It was a week where GBP/USD marched up the hill and then straight down again, but it remains close to its best for nearly five years. The key event risk is Thursday’s Bank of...
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by Christopher Nye | Feb 2, 2026
Markets were meant to start this week second-guessing central banks. Instead, they have a far messier backdrop: a partial US government shutdown driven by a row over immigration enforcement (ICE) funding. The risk of that saw the dollar hit a near-five-year low last...
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by Christopher Nye | Jan 30, 2026
The dollar’s tone stayed fragile. The Fed is signalling patience, but the market is struggling with the idea that the economy can stay strong while consumers turn sharply gloomier. That tension tends to show up first in currency moves, because they’re a quick proxy...
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by Christopher Nye | Jan 30, 2026
Despite all the smiling faces in New Delhi this week as the trade deal was signed, the euro fell against most pairs this week. Maybe that was mainly due to their strength rather than the euro’s weakness, as many of the economic signs continue to point towards economic...
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by Christopher Nye | Jan 30, 2026
Unless you’re buying US dollars or euros this has been a week to forget, as the pound slipped against the commodity backed currencies. The economic signs have not been good for sterling lately and it’s still being supported by the overall negative of high inflation...
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