by Christopher Nye | Nov 21, 2025
Sterling was treading water against EUR and USD yesterday, despite a strong current of high-level data flowing around it. It’s a quiet week for data coming up, but that will be the last thing on the currency market’s mind with the Budget coming up on Wednesday. Expect...
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by Charles Purdy | Nov 21, 2025
Government borrowing is even higher than expected and shoppers aren’t shopping, are the two pieces of bad news that chancellor Rachel Reeves has woken up to. The Office for National Statistics (ONS) says the UK borrowed £17.4bn in October to cover gaps between tax...
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by Jonathan Cook | Nov 20, 2025
The FOMC latest meeting minutes helped support the US dollar yesterday and overnight. After a hawkish cut, it was no surprise to see the Fed’s caution greeted with dollar strength, although there remain a few members who believe the risks are to employment rather than...
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by Jonathan Cook | Nov 20, 2025
The euro’s path against the US dollar was notably similar to that of the pound on Wednesday. As some minor inflation data rolled across the ticker, the euro struggled to break the pattern of a pretty passive November. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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by Jonathan Cook | Nov 20, 2025
Sterling’s losses were quite limited on Wednesday considering the significant fall in headline inflation from 3.8% to 3.6%. All told, the pound lost a little over half a cent to the US dollar and managed to maintain its poise against the euro. GBP/USD: the past year...
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