by Charles Purdy | Oct 29, 2025
It felt like some chickens were coming home to roost yesterday as the pound fell, fell again and then fell some more. The immediate reason was the finding from the Office for Budget Responsibility (OBS) that the Chancellor will need to find another £20bn to make up...
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by Christopher Nye | Oct 29, 2025
The pound weakened by up to 1.5% against major rivals after the OBR growth downgrade and its likely impact on tax policies in next month’s Budget. Coming up shortly, some mortgage and consumer credit data from the Bank of England. GBP/USD past year 1 Min 5 Min 1 Hr 1...
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by Christopher Nye | Oct 29, 2025
We’re about to hear Spain’s GDP, but in the meantime the single currency continues its patchy performance. It rose strongly against the pound yesterday but weakened against most other pairs. Watch out for the interest rate decision from the European Central Bank (ECB)...
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by Christopher Nye | Oct 29, 2025
There were falls almost across the board yesterday, with just the pound offering a little green on the charts. Federal Reserve Chair Jerome Powell will be making the latest interest rate pronouncement this evening, with a 25 basis point reduction to 4% widely...
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by Jonathan Cook | Oct 28, 2025
Should current spending levels be maintained, the IMF projected that US debt ratios would reach 143% of GDP by 2030. That would be far higher than the likes of Italy and Greece endured after the financial crisis, and reflects annual deficits of over 7%. EUR/USD: the...
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