The big talking point for the US dollar has been the labour market. Unemployment hit a four-year high in September and is projected to have surged higher still in October. With a busy schedule of data tomorrow afternoon,…
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2025 has been a strong year for the euro. Significant gains over the pound and the euro have been facilitated by economic resilience and a stable monetary policy outlook. Next year might bring a change on that front,…
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Economic growth has taken on an almost mythical quality in the last few months. Going back to July, monthly output reads: -0.1%, -0.1%, 0%, and -0.1%. The pound fell ahead of the expected rate cut and a better…
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A 0.1% contraction for the UK economy in October sent the pound lower by roughly half a cent against its key rivals, beginning Monday at a two-week low against both the euro and the US dollar. Part of…
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An interest rate cut from the US Federal Reserve and doveish comments from its chairman did for the dollar yesterday, with losses across the board. Several other Fed policymakers will be commenting today, and on Tuesday we’ll hear…
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With the exception of the Swiss franc and Swedish krona it’s been a good week for the euro, with close to a 1% gain on the dollar. The main prompt appears to be the potential for an increase…
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The expected rise in GDP didn’t happen in October and the pound has weakened in response this morning, as the data is cueing up an interest rate cut on Thursday. Ahead of that, on Tuesday we’ll hear employment…
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It was all downhill for the dollar yesterday as the markets considered that the only way is down for US interest rates. This belief was supported by a bump in initial claims for unemployment benefits, with 236,000 new…
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