Sterling held its own for the most part on Wednesday, trading sideways against the US dollar and euro after several days of weakness. Bank policymakers have the power to shake things up this lunchtime and the pound could…
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The Bank of England’s interest rate decision forms the crux of a crucial day for the pound and is the last significant milestone before the autumn Budget. Predictions are split between a hold and a quarter-point cut, with…
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In her address to the nation yesterday chancellor Rachel Reeves hinted strongly at across-the-board tax rises in the Budget now three weeks away, saying “we all need to do our bit” to help the UK’s dire finances. If…
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The dollar strengthened against the pound for reasons we all know about yesterday, but it also hit a three-month high against the euro as a further interest rate cut from the Fed appears less likely this year. The…
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The single currency was in reactive mode yesterday, as macro-economics in the UK and USA had opposite effects. The euro gained 0.40% against the pound and lost 0.40% against the US dollar. Final PMI data is coming through…
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It was another sea of red yesterday for sterling, with no seeming prospect of a recovery after a solid six months of losses against the euro. Tomorrow is interest rate decision day for the BoE and we will…
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At 8.15 yesterday morning Rachel Reeves did something that no chancellor of the exchequer has ever done before, interrupted morning TV to give a warning about the state of UK finances, effectively laying the groundwork for tax rises…
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The Supreme Court will on Wednesday consider a challenge to the president’s sweeping tariff regime. That looks set to be an intriguing test of both presidential powers and the willingness of a partisan court to act as a…
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