There’s been no mistaking the recent direction of travel for the pound against the euro. Having lost close to 4% since the start of summer, the past two weeks have seen GBP/EUR trying and failing to gain lift…
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The US and China traded barbs over several economically significant foodstuffs yesterday. China responded to rising trade tensions with a threat to cease buying American soybeans. President Trump countered that by suggesting his nation might stop buying Chinese…
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A minor industrial output survey was the highlight of a quiet day for the euro, which saw early gains against the pound slip away into a third-cent loss. In that survey, manufacturing output fell by 1.2% in August,…
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The IMF expects the UK to face the highest rate of inflation of all G7 nations in both 2025 and 2026. Combined with the recent warning that inflation could become entrenched, next week’s inflation report – where the…
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The UK economy expanded by 0.1% in August following an unexpected contraction in July. In a boost for Britain's industry, much of this activity was driven by a strong performance from the manufacturing sector, as well as healthy…
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The pound weakened yesterday after the UK’s unemployment rate hit its worst since the pandemic and pay rises eased. Sterling’s losses were fairly modest at half a cent or so against the euro, and not across the board,…
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There is wall-to-wall red on the charts for USD today following pointed comments from Fed chair Powell on the loosening labour market. If it leads to lower borrowing costs President Trump and business will be happy, but the…
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After falling for most of the month, EUR/USD staged a recovery yesterday, gaining half a cent in the afternoon session and holding onto it despite disappointing mood music from a ZEW report. We’re getting some final inflation data…
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