The charts may all have been green for the US dollar yesterday but the gains were not huge as an abnormally unresponsive period continued, against the euro and sterling at least. On Friday we will get the latest…
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It’s been a negative week or so for the euro and that continued yesterday, although it has since been reversed against the pound. We’ve got ECB president Christine Lagarde talking this evening, but it’s all pretty quiet until…
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There was little movement for the pound yesterday, as the long run of stability continued. But this morning’s inflation result caused an immediate sell-off, and there is plenty more data coming down the track in the days ahead.
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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, and it’s certainly one to watch. The 3.8% remains well above…
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The US dollar will finally be influenced by some cold, hard economic data. Despite the government shutdown, the American economy will report inflation figures on Friday. Those figures may have an outsized impact given the scarcity of other…
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Any advances the euro might have been able to pull off on Monday were halted by news that S&P had downgraded France’s sovereign bonds. The move from AA- to A+ sends a significant message to investors about the…
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Ahead of Wednesday’s crunch inflation report, Bank of England governor Andrew Bailey provided the pound with a little boost. Future interest rate cuts would have to be “gradual and careful” in order not to upset the delicate balances…
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UK net borrowing increased to £20.2 billion in September from £15.3 billion in August, the latest setback for Chancellor Rachel Reeves as she prepares for next month’s autumn budget. That was the second largest spending deficit recorded in…
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