The calm continues for sterling, as the weekend papers continued to dwell on Labour’s failings in the calm before the Makerfield by-election, and with the fragile ceasefire still holding in the Persian Gulf. Over the past month, although…
Read more
›
May has been largely negative for sterling, with falls of between half a cent against the euro and well over 1% against the US dollar. However, it could have been worse after a mid-month drop that recovered. The…
Read more
›
Sterling spent Wednesday going almost nowhere against the dollar and euro, and that tells you something. When the pound stops moving, it usually means the market is staring at something more interesting, and right now that something is…
Read more
›
The pound weakened by over half a cent against the euro and the US dollar on Tuesday as hopes of an imminent peace deal in the Middle East slipped away.
Read more
›
Sterling picks off after the long weekend close to its best level against the euro in over two weeks. The mood in currency markets had been galvanised by the apparent progress in negotiations between the United States and…
Read more
›
Following a week of the highest-level economic data for the UK the pound has remained largely where it’s been all year against the euro and gained half a cent on the US dollar. This data round was completed…
Read more
›
For three months oil has been the only story for currency markets. That might be starting to change. Brent crude tumbled more than 5% on Wednesday and tankers are finally moving through the Strait of Hormuz again after…
Read more
›
Headline UK consumer price inflation (CPI) came in below expectations at 2.8% in April. While inflation is forecast to rise sharply in the coming months, the energy price cap has helped absorb the worst of the shock from…
Read more
›
