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.…
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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…
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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,…
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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…
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The US dollar remained under pressure from interest rate bets yesterday. That was despite a surprisingly strong showing in September’s durable goods report, which beat market forecasts to increase by 0.5% month-on-month.
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Germany’s economy requires more wholesale change than just government spending, the International Monetary Fund (IMF) said yesterday. Analysts believe that further bold reforms both domestically and at the EU level would be necessary for Europe’s largest economy to…
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The furore around the Budget has cast a long shadow over the pound for some time. With the Budget finally out of the way, sterling strengthened by about half a cent against the US dollar and euro on…
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The Office for Budget Responsibility (OBR) dropped an unprecedented clanger yesterday, mistakenly releasing its fiscal forecast before Rachel Reeves had stood up to deliver the autumn Budget in the Commons. The OBR would later apologies for a breach…
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