There was a mix of green and red on the boards for the single currency yesterday, with gains on the pound and US dollar. But there is no escaping a negative picture overall over the past week and…
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Sterling has come through this period of data relatively unscathed against the euro – possibly only saved by the euro’s own global decline. PMI will be the last of the big data items to come through this month,…
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After a set of data that suggested that the UK economy was in a downward spiral, this morning there were signs that that message has not yet got through to shoppers. Retail sales in the UK increased by…
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Donald Trump’s White House has been a staunch supporter of Argentina’s Javier Milei. Along with the funding injection, Trump recently agreed to import more Argentine beef – a move that angered American farmers, who until recently had been…
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Heists are back in style. First in Paris, but now evidently in Greece, where police arrested dozens of people accused of accessing EU agriculture funds by posing as farmers. Police said that they had successfully stolen almost €20…
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Wednesday was one of those odd days where good news for the UK economy meant bad news for the pound. Sterling would recover from its early stumble, but there is no mistaking the change in tone within markets.…
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News that the UK’s headline inflation rate unexpectedly held steady at 3.8% was enough to cause an about-face in interest rate forecasts. Economists and investors changed their tune fast – across the course of a few hours, in…
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UK inflation has just been revealed to have stayed stable at 3.8% in September. The impact on exchange rates was to send the pound into an immediate tailspin. It is currently around 0.5% down on the US dollar…
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