The euro carriers a little political risk heading into the new year. France is still (yes, still) negotiating its budget in a protracted piece of political theatre that makes Washington look amateurish. An emergency rule delaying another vote…
Read more
›
The US dollar made some ground yesterday but saw its upside capped by a disappointing durable goods report. Transportation equipment and aircrafts were the big drags, although there were small improvements in the order volumes of fabricated metals…
Read more
›
As Christmas Eve dawns, overseas buyers might find a little something extra in their stockings. The pound has strengthened by close to half a cent against the euro since the start of the week. That strong performance extends…
Read more
›
The American economy grew by an annualised rate of 4.3% in the third quarter of 2025, smashing forecasts of just over 3%. Consumer spending, exports and government spending all played their part in the biggest quarter-on-quarter expansion in…
Read more
›
Residual momentum from last Thursday’s interest rate cut helped sterling start the shortened week well. With a threadbare Christmas schedule of economic news, the pound strengthened by almost half a cent against both the euro and the US…
Read more
›
An unexpectedly tight vote on Threadneedle Street wasn’t the outcome many economists had predicted. Regardless, the pound has benefitted from renewed questions over the outlook for next year and looks set to end 2025 on a high.
Read more
›
The European Central Bank’s (ECB) Isabel Schnabel said that she expected interest rates to stay in a stable range in the near future. The euro traded in a narrow range against its main rivals on Monday as it…
Read more
›
There is a growing sense that the Federal Reserve might move faster in cutting rates next year than expected. At present, the chances of a rate cut in January seem slim. But that hasn’t stopped the US dollar’s…
Read more
›
