Today is the last day that a new budget can be submitted to the French parliament. Given it has (either directly or indirectly) led to the defenestration of the last two prime minister’s, we can expect the euro’s…
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New data from the jobs market and the economy at large fill up a packed schedule for the pound this week. That gives the pound more chance of generating some upside momentum this time out, but as usual,…
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The pound tumbled by two cents against the US dollar last week, hitting its lowest ebb since early August on Friday. Sterling had been enjoying a positive week against the euro but saw earlier gains knocked back.
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The US dollar gained between 0.25% and 1% against major rivals yesterday, with the best results against a depressed Norwegian krone and the British pound. We’ve got the Michigan Consumer Sentiment index coming out this afternoon.
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The single currency lost some 0.6% against a resurgent US dollar, and not much less than that against the rupee and renminbi. The main event at the start of next week is the ZEW Economic Sentiment Index on…
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It was a sea of red for sterling yesterday as it lost as much as 0.75% (against the US dollar) against major rivals. Next week takes us into the big data releases, beginning with employment and earnings on…
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The US dollar carried all before it yesterday, gaining 0.75% against the pound. The dollar index’s nine-week high, despite the Federal government shutdown with no end in sight, seems mainly based on higher bond yields in the US…
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European Central Bank President Christine Lagarde once again spoke of the opportunity in front of the euro. Her comments were even more aggressive this time, suggesting now was a “unique opportunity” to end the US dollar’s dominance. The…
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