Monday’s mood was one of anxious anticipation ahead of the crunch autumn Budget and a packed agenda of delayed US data.
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Wednesday will finally put an end to months of speculation around the autumn Budget. Will Chancellor Rachel Reeves be able to keep both currency markets and the Labour party on side? More importantly, how will her policies affect…
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The US dollar’s week ended on a timid note after the Federal Reserve’s John Williams confirmed he would be pushing for another rate cut at the December meeting. Still, it was a positive week for the US dollar,…
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European Central Bank president Christine Lagarde was in a poetic mood on Friday, describing Europe’s growth as tied to “a world that is gradually disappearing”. There was truth behind the lyricism, too. Dependent on trade and security pacts,…
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For the near term, at least, it’s hard to think of many scenarios that would see the pound strengthen. The chancellor’s watered-down package of fiscal consolidation has already been greeted poorly by the bond market. Aside from another…
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When it came to pre-budget prep, the chancellor could hardly have had a worse Friday. New figures showed UK government borrowing overshot expectations in October. Combined with a significant fall in retail sales, the latest data dealt a…
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The US dollar seemed to be in a pensive mood yesterday, despite the long-awaited Non-Farm Payrolls result looking better than many expected. PMI comes out later today and next week the post-shutdown data splurge continues.
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There was little movement for the euro yesterday, but that may not be the pattern for today with the PMI numbers coming out. ECB President Christine Lagarde will be speaking soon, as will other interest rate setters from…
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