by Julian Benson | Apr 5, 2023
Sterling gained 0.85% against the US dollar yesterday and is currently trading 1.5% higher than this time last week. It’s believed sterling’s gains are down to an ill-performing US dollar as traders are more optimistic about a brighter UK economic outlook. The pound...
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by Julian Benson | Apr 5, 2023
Yesterday sterling hit a 10-month high against the US dollar. It’s believed to have been fuelled by weak US data and a data-led approach to policy changes from the Bank of England. This reflects a positive start to the year for the pound, having outperformed its major...
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by Julian Benson | Apr 5, 2023
The euro bounced back against the US dollar yesterday morning, hovering around its strongest level in two months. This comes after a 1.6% gain last month. The EUR/USD rate is currently trading close to 3% higher than it was this time last...
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by Julian Benson | Apr 5, 2023
At 1:30 pm today (UK time) market watchers will receive the latest trade deficit data for the US. The last recording came in at -$68.3 billion in January and economists expect the deficit to widen to -$69 bn. For more on currencies and currency risk management...
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by Christopher Nye | Apr 4, 2023
US dollar watchers can expect the latest balance of trade data on Wednesday which will give investors an indication of the country’s export demand. In the previous data release, The US trade deficit was revealed to have increased to a three-month high of $68.3 bn in...
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