by Jonathan Cook | Nov 23, 2023
The euro had a strong day, notching solid gains against the pound and the US dollar. Germany’s manufacturing PMI index for November beat expectations in a sign that there is life yet in Europe’s largest economy. While still well below recent years, an improvement in...
read more
by Jonathan Cook | Nov 23, 2023
The US dollar is down around a quarter of a percent against the euro and slightly less against the pound after a volatile day of trading. The US labour market continues to be remarkably tight despite high interest rates and fears of a recession. There were just 209k...
read more
by Jonathan Cook | Nov 23, 2023
The pound lost some value around the autumn statement, but began the morning down just 0.1% against the euro and up by a similar margin against the US dollar. To coincide with Hunt’s speech, the OBR released its GDP growth forecast for the UK economy, and it did not...
read more
by Julian Benson | Nov 22, 2023
Speaking yesterday, Hunt said he looks to cut UK taxes and “turbo-charge growth” in today’s Autumn Statement. The pound gained slightly against the euro following these surprise comments. To avoid the unknown, call your trader on 020 7898 0541 to discuss fixing your...
read more
by Jonathan Cook | Nov 22, 2023
Sterling gained almost 0.5% against the euro while trading flat versus the US dollar in yesterday’s session. UK chancellor Jeremy Hunt will unveil his eagerly anticipated Autumn statement this afternoon. It’s certainly a different atmosphere from this time last year,...
read more
