by Jonathan Cook | Dec 11, 2025
Sterling doesn’t have anywhere to hide after last night’s decision in Washington. In fact, it has its own interest rate decision to navigate a week from today. That comes after a busy run of economic releases that begins with a crucial GDP report bright and early...
read more
by Jonathan Cook | Dec 11, 2025
At its last meeting of 2025, the Federal Reserve voted to cut interest rates by a quarter point (0.25%). That decision put to bed weeks of frenzied speculation from across global markets and came with enough of a dovish slant to send the US dollar down by about half a...
read more
by Charles Purdy | Dec 10, 2025
Some of the froth came off the pound’s recent gains yesterday, but it’s still clinging on to a position close to a six-week high against the euro. The background to exchange rate movements right now is interest rates and some volatility can be expected. The US Federal...
read more
by Christopher Nye | Dec 10, 2025
Positive data on job openings yesterday failed to impress the currency markets – or at least, not as much as they were concerned at the interest rate cut expected today. We’ll get that decision at 7pm UK time.
read more
by Christopher Nye | Dec 10, 2025
There was no coherent picture for the single currency yesterday, as it headed in wildly different directions – a 0.75% gain on the yen and smaller gains on GBP, USD and NOK but in the red against AUD and others. Christine Lagarde will be talking shortly, but will...
read more
