by Charles Purdy | Nov 28, 2025
Despite something of a fall overnight, sterling survived the first 36 hours after the Budget not just unscathed but at least 1% up on the start of the month against most pairs. The gains on the euro and USD were smaller, but still took GBP to a four-week high. A...
read more
by Jonathan Cook | Nov 27, 2025
The US dollar remained under pressure from interest rate bets yesterday. That was despite a surprisingly strong showing in September’s durable goods report, which beat market forecasts to increase by 0.5% month-on-month. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...
read more
by Jonathan Cook | Nov 27, 2025
Germany’s economy requires more wholesale change than just government spending, the International Monetary Fund (IMF) said yesterday. Analysts believe that further bold reforms both domestically and at the EU level would be necessary for Europe’s largest economy to...
read more
by Jonathan Cook | Nov 27, 2025
The furore around the Budget has cast a long shadow over the pound for some time. With the Budget finally out of the way, sterling strengthened by about half a cent against the US dollar and euro on the absence of any nasty surprises. Just how long the relief will...
read more
by Jonathan Cook | Nov 27, 2025
The Office for Budget Responsibility (OBR) dropped an unprecedented clanger yesterday, mistakenly releasing its fiscal forecast before Rachel Reeves had stood up to deliver the autumn Budget in the Commons. The OBR would later apologies for a breach that took markets...
read more
