Sterling surged to a three-week high against the US dollar on Tuesday and a five-week high against the euro. The sense of post-Budget relief has been bolstered by several pieces of robust data, but as we all know,…
Read more
›
Sterling strengthened against the euro and the US dollar yesterday, the result of fresh economic data and what felt like the start of a new chapter in the war in Ukraine. As Russian, American, and Ukrainian envoys failed…
Read more
›
One week after the autumn Budget, the pound has at last been able to regain some sense of normality. Sterling weakened slightly across this week but ultimately evaded much of the more dramatic fallout predicted by some economic…
Read more
›
In a typically freewheeling press conference yesterday evening, US President Donald Trump touched on everything from healthcare to Venezuela. The most relevant part for the US dollar was the hint that the next chair of the Fed would…
Read more
›
The eurozone’s headline inflation rate ticked up slightly from 2.1% to 2.2% in November, driven higher by an outsized contribution from services prices. While this gave the euro a boost, the simultaneous announcement that unemployment had climbed to…
Read more
›
Sterling has had a balanced week, trading bang in the middle of its G10 competitors, according to analysts at Scotiabank. Regardless, Tuesday brought the fast signs of weakness as the pound lost about half a cent to the…
Read more
›
Currency markets are increasingly confident that 2025 will end with quarter-point interest rate cuts on both sides of the Atlantic. Sterling and the US dollar are both struggling to pick up momentum ahead of imminent Bank of England…
Read more
›
Despite some interesting movements midday as the markets came back from Thanksgiving weekend, most US dollar pairs ended up where they began the day. We’ve got more Services PMI out tomorrow, with predictions of a strongly positive outlook…
Read more
›
