Thanks to the government shutdown, there is a significant glut of postponed economic data to be released in the coming weeks. We don’t know yet exactly when that will come, but expect some sudden movements once key labour…
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The euro strengthened slightly against the pound on Wednesday and still sits close to a 30-month high. Trading has been quietly confident for some time now, with the European Central Bank signalling stable rates, lower inflation and a…
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Sterling slipped against its peers across Wednesday as an extraordinary rift at the heart of government opened. UK markets will no doubt spend the majority of today chewing over the growth figures and what they mean for the…
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Prime Minister Keir Starmer yesterday sought to contain an extraordinary political crisis, denying accusations that he had authorised Downing Street staff to brief against health secretary Wes Streeting. Government insiders claim Streeting has been gunning for the top…
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The news that unemployment has hit 5% in the UK has increased speculation on a leadership challenge to the prime minister Sir Kier Starmer. With manifesto-busting tax rises likely in the Budget two weeks away, both the chancellor…
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There were sizeable losses for the dollar yesterday almost but not quite across the board. The cause was the likely end of the US government shutdown today. There will also be a phalanx of interest rate setters from…
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A quiet period for eurozone data hasn’t stopped movement for the single currency, but yesterday was a mixed picture, with gains on the pound and US dollar but losses elsewhere. The big data event of the week is…
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Despite bad news on unemployment yesterday it wasn’t an entirely negative day for sterling, which recovered a little ground on the US dollar and the yen. Will that survive tomorrow’s GDP data though, and comments from the BoE’s…
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