by Charles Purdy | Nov 5, 2025
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 she does raise the basic tax rate it will be the...
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by Christopher Nye | Nov 5, 2025
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 US government shutdown continues to limit data coming...
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by Christopher Nye | Nov 5, 2025
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 now. Business confidence in the bloc has shown...
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by Christopher Nye | Nov 5, 2025
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 keep readers informed of what happens, as it happens. GBP/USD...
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by Charles Purdy | Nov 5, 2025
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 in the Budget now 20 days away. The...
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