The news that unemployment has hit 5% in the UK has increased speculation on a leadership challenge to the prime minister. With manifesto-busting tax rises likely in the Budget two weeks away today both the chancellor and her…
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American markets head into the Memorial Day holiday with a spring in their step thanks to the spending impasse breaking in the Senate. Trading may be a little quiet today, but the good news for the US dollar…
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The first stages of selecting the next European Central Bank top brass have begun. By the end of 2027, the ECB’s president, vice-president and chief economist will see their terms end. As you might imagine, finding suitable replacements…
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Sterling is likely to be guided by economic data this week, as well as interpretations of what this data means for the Bank of England’s December decision. After today’s jobs report, economic growth figures are likely to influence…
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Unemployment in the United Kingdom reached 5% in September, beating forecasts of 4.9% and marking the highest rate of joblessness since May 2021. Sterling fell sharply against the euro and the US dollar this morning as markets digested…
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After its sharp decline two weeks ago against the euro, the pound is showing no signs of bouncing back. The bigger picture is of a series of falls since the start of the spring, each with little in…
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With less data that usual to inform the markets the dollar was in a holding pattern last week. What gains there were against those countries with an interest in trade with China, notably AUD and NZD, but also…
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The single currency was in a single-mindedly positive mode last week, following excellent final results for PMI midweek. The big news this week will be the ZEW Economic Sentiment Index for both the eurozone as a whole and…
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