We’re in interest rate season and the US Federal Reserve goes today, with a 25-basis point cut widely expected. Any deviation from that is likely to hit the dollar one way or another. It follows a stonking US…
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Monday began on a more cautious note than last time out, as is typically the case before a bid Federal Reserve decision. Slowness out the gate was a welcome help for the US dollar and allowed it to…
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Germany’s trade surplus widened to €16.9 billion in October. That was caused by a surprise fall in imports coinciding with a surprise uptick in exports. October's report marked the largest trade surplus since May.
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The pound was pressured by some early risk management trades on Monday. With more than a week to go until the Bank’s last policy meeting of 2025, some traders are positioning themselves for a quarter-point cut that might…
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Currency markets were in thrall to politics again on Monday, as a low-key start on the economic data front meant the focus fell squarely on Ukraine. Kyiv’s future looks increasingly uncertain amid pressure from the United States to…
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The pound had a strong week last time out, riding a wave of post-Budget relief to hit a five-week high against the euro. All told, the pound to euro rate improved by about half a cent – the…
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The dollar stabilised on Friday thanks to solid consumer income and spending metrics as well as a modest increase in inflation. The closely-watched University of Michigan consumer sentiment study also improved from 51 to 53.3. November’s score was…
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The European Central Bank is expected to announce its fourth consecutive hold at its December meeting. That makes it very much the odd one out of the major rate-setters and gives the euro an opportunity to recoup some…
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