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…
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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…
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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…
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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.
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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…
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Sterling weakened against its peers on Wednesday, weighed down by cooling inflation and renewed confidence that the Bank of England would cut interest rates next month.
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In a busy week for high level data for the UK the first out of the traps was inflation this morning. The fall to 3.6% was widely expected and means that while we are still on course for…
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It’s been a generally negative period for the US dollar, although gains on the Swiss franc and Japanese yen propped up the overall picture. Tomorrow it’s the long-awaited return of Non-Farm Payrolls (NFP) after the shutdown. It was…
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