After a week where a lot didn’t happen – a weird non-message from the chancellor and no interest rate change – the pound may be buffeted this week by news on the economy. Watch out for tomorrow and…
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After a tepid sort of week on the currency markets, with little overall movement against the euro or US dollar, we’re back into a period of high-level data for the UK economy. Last week the Bank of England…
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The US dollar struggled through Thursday, losing ground to its European foes as well as the Japanese yen. There are all manner of things at play here, chief among which is stronger data reducing the chance of an…
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The pound to euro exchange rate begins Friday more or less where it ended last week. There have been a few small peaks and troughs along the way, but for now, neither has been able to break the…
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Today’s decision provided the pound with some welcome relief from negative pressure. However, there was a sense that it was merely delaying the inevitable. Signs of cooling inflation and clear weaknesses in the growth outlook mean a quarter-point…
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It was a case of some good and some bad for sterling yesterday. The Bank of England narrowly voted to keep interest rates unchanged at 4%, although in a positive sign for borrowers, Governor Andrew Bailey stressed that…
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Wednesday’s services data put the kibosh on some of the more extreme warnings about the impact of the shutdown. The services sector’s expansion was a good sign after some less positive manufacturing data from earlier this week.
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The euro is in a curious position at the moment, trading very strongly against the pound but coming under new pressure from a resurgent US dollar. As the graph below shows, you'd have to go back several years…
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