Sterling bathed in some much-needed optimism last week, strengthening by over half a cent against the euro and just shy of two cents versus the US dollar. Decent economic data arrived just in time to ride a wave…
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All roads lead to Washington this week ahead of the Federal Reserve’s next interest rate decision. With markets overwhelmingly forecasting a quarter-point cut and the labour market showing signs of stress, the decision (and the commentary that accompanies…
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Rumblings around the future chair of the Federal Reserve didn’t help the US dollar on Thursday. Already struggling thanks to weak data, the prospect of a central bank closer to White House influence and with more incentive to…
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The euro has lost some ground to the pound this week, but any falls remain pretty minor in the context of the year as a whole. The euro was five cent weaker back in May and has strengthened…
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Such has been the speed of the turnaround for the pound, it’s hard to think that the autumn Budget was just over a week ago. Since then, sterling has strengthened by almost a cent against the euro and…
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After a turbulent end to November, the pound really hit its straps in the second half of this week. Boosted by positive economic data, sterling begins Friday at its best level since the end of October against both…
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Based on yesterday’s trading, the investor community are betting heavily on a Christmas rate cut from Jerome Powell and co. The US dollar sank against its main rivals, weakening by over 1% against the pound across the day.
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Much like the EU’s legal approach, the euro looked on shaky ground yesterday. Daily gains over the US dollar were more a sign of that currency’s weakness. The focus will likely be on Ukraine and economic support until…
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