Sterling failed to make much headway against the euro last week, a period dominated by more evidence of economic weakness and some home truths delivered by Chancellor Rachel Reeves.
Read more
›
On Friday, President Trump again voiced his desire to cool the brewing trade war with China. The US dollar and Wall Street both rallied in the aftermath, despite signs of stress in American markets and the prospect of…
Read more
›
Reinstated Prime Minister Sebastian Lecornu survived two votes of no confidence in French parliament last week. Concessions over pensions were enough to garner sufficient support from opposition groups, but in a worry for the euro, the political situation…
Read more
›
Both ten and 30-year gilt (UK government debt) yields fell back drastically last week as the chancellor struck a tougher tone on taxes and spending. While still high, those adjustments should give the government a bit more breathing…
Read more
›
Currency markets ended last week on edge as concerns over lending standards and bad loans within US regional banks rippled through the financial world. Leveraged credits (typically companies with bonds deemed “junk” by the three major rating agencies)…
Read more
›
The dollar was down again yesterday, with its weekly losses now at around 1% against the stronger European currencies – CHF, SEK and the euro. There’s a distinct lack of data coming out of the USA right now,…
Read more
›
It was all green on the charts for the euro yesterday, with large gains on the various sinking dollars. There is a real dearth of data next week, and we have to wait until the Purchasing Managers Index…
Read more
›
The gains for sterling were against the various dollars yesterday – with surges against the Australian, Canadian and US dollars. It’s a quiet end to the week for data but the big event of next week is inflation…
Read more
›
