The first interesting data point of the year isn’t a positive sign for the economy, with Nationwide reporting that house prices fell 0.4% in December. That may be down to some seasonal effects but was nevertheless far below…
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The minutes from the Federal Reserve’s December meeting gave the US dollar an overnight boost in what has otherwise been a year to forget.
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Sterling’s 2025 might best be categorised as up and down. Strong advances against the US dollar are slightly cancelled out by the significant falls against the euro, which emerged as the currency to beat across this year.
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It’s champagne all round for anyone with a vested interest in euros. The single currency has had a spectacular year, strengthening by 5% against the pound and by an impressive 12% against the US dollar.
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The US dollar’s recent weakness was reversed on Tuesday night as some Fed governors suggested they were minded to vote for interest rate holds for some time. While opinions were split, a hawkish bias in the opinions was…
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Will 2025 be remembered as the year of the euro? Maybe not to anyone whose profession lies away from currency, but overseas buyers in the UK will surely look back on a tricky year of conditions.
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The pound continued through Monday much where it left Christmas Eve against both the euro and US dollar, albeit with a few wobbles. However, this remains a strong rate by recent standards, with GBP/USD 2% up and GBP/EUR…
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GBP/EUR has remained looking strong through the Christmas period. There are no major data releases listed on the UK side today or tomorrow, but news from other countries could have an impact.
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