by Charles Purdy | Dec 1, 2025
After strengthening after the Budget and staying strong for the rest of the week, things have started to look a little shaky for sterling – not unlike reaction to the Budget itself. While the chancellor is defending herself against claims that she misled the public...
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by Christopher Nye | Nov 28, 2025
On a day when the markets were closed for Thanksgiving there was little movement for the US dollar – a relief perhaps after a week of losses that amounted to as much as 2.5% against the Norwegian krone. Next week we will be getting some PMI and labour market data...
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by Christopher Nye | Nov 28, 2025
The minutes of the European Central Bank’s (ECB) last meeting on interest rates indicate no new move towards further rate cuts or indeed rises, with resilient demand amid controlled inflation. At least, it was controlled in October, and we are now getting the results...
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by Christopher Nye | Nov 28, 2025
Sterling had a positive day – not always guaranteed 24 hours after a Budget – although the gains were marginal and there were losses against the commodity-backed currencies AUD and NOK. There are no high-level data releases upcoming, but there may be more blowback...
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by Charles Purdy | Nov 28, 2025
Despite something of a fall overnight, sterling survived the first 36 hours after the Budget not just unscathed but at least 1% up on the start of the month against most pairs. The gains on the euro and USD were smaller, but still took GBP to a four-week high. A...
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