Although there was barely a flicker against the pound and US dollar overall, the single currency had a surprisingly positive day against the traditional safe-haven currencies of the yen and Swiss franc. We’ve got final results for eurozone…
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There was barely a flurry for GBP/EUR this morning, the markets having priced in not just falling inflation but also perhaps a December interest rate cut. Later today we will get house price data from the UK and…
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The widely expected fall in inflation to 3.6% announced this morning provoked some downward movement for sterling but it appears to have quickly corrected itself. The Office for National Statistics (ONS) said that the decline was driven mainly…
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The US dollar is bracing for the first job market data in almost two months. Thursday’s delayed non-farm payrolls for September will be a crucial yardstick for the Fed, whose governors struck a hawkish tone on rates last…
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Updated growth forecasts from the European Commission expect eurozone GDP to reach 1.3% in 2025, an upgrade from the previous 0.9% estimate. At the same time, it lowered its 2026 forecast to 1.2% from 1.4%. Interestingly, it projects…
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The Bank of England’s Catherine Mann broke ranks with most economists to warn that inflation may linger longer than predicted. Those comments helped prop up the pound to start the week, although Mann warned that the economy was…
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Sterling enjoyed a more optimistic Monday as last week’s Budget-induced fever began to break. The pound strengthened against the US dollar and the euro across the day, while the yields on UK government debt softened – an indication…
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Sterling was rocked last week by bombshell reports that Chancellor Rachel Reeves was set to ditch plans to raise income tax at the autumn Budget (26 November). While the pound would ultimately stabilise, the pound to euro rate…
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