The single currency weakened by some 0.5% on average against leading pairs last week, with the exception of USD, against which it gained 0.5%. We’ve got Spanish inflation data about to come out, but that will be it…
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It’s been a torrid month for the dollar with losses averaging 1% in the past week and 2% in the past month against most pairs, including sterling. This evening we’ve got the FOMC minutes coming out, which may…
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With just three days to go in 2025, financial markets received their customary “Santa rally” as stock markets finished last week on the front foot.
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For the pound, Christmas Eve saw marginal movement at most. A range of about 0.2 cents against the euro and the US dollar slowed the momentum from earlier in the week, although that was to be expected given…
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The euro’s bumper year was driven by significant interest rate disparity between the European Central Bank and other major rate setters. As those gaps narrow, analysts expect relative value to be driven more by economic fundamentals like growth,…
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Action was limited in US dollar markets last week, although we did get another indication that the president’s preference for the next Federal Reserve chair would be someone more dovish. Donald Trump said he didn’t want another “egghead”…
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Restful has been the operative word in the land of currency these past few days. Limited movements have allowed the pound to cling on to its recent strength, beginning another shortened week near a three-week high over the…
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December has been decidedly brighter for the pound. As the last day of trading before Christmas begins, sterling has strengthened by almost 3% against the US dollar since the start of the month. A smaller half-cent increase against…
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