GBP: Monday’s gains lost by day’s end

Sterling stared Tuesday marginally down on the dollar and 0.2% ahead of the euro – a stark turnaround considering at one point on Monday it was up more than 1% on USD. Bank of England and Nationwide Building Society data reveals US house prices fell in August. GBP/USD...


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Back to school for sterling after bruising summer

The pound weakened once more against the euro in the second half of last week, continuing a trend that played out over the course of a quiet yet awkward August. In fact, the whole of summer was a little awkward in a lot of ways – an experience many parents will know...


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USD: Jumbo cut dependent on jobs

Fed Governor Christopher Waller (a dovish contender to succeed Jerome Powell at the helm) warned that policymakers should not wait for the economy to worsen to cut interest rates. In comments that would no doubt please the president, Waller even floated the idea of a...


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