Every pound that Rachel Reeves can find down the back of the sofa will be appreciated before the autumn budget. So, it was welcome news that the ONS had given her a couple of billion pounds in extra…
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A quiet day in the world of currency saw the pound largely unchanged against both the US dollar and the euro. In the absence of meaningful data, focus instead shifted to the Federal Reserve and the FOMC’s release…
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A majority of Federal Reserve governors believe there is room for more easing of interest rates before the end of the year. That could prove to be another pinch point for the US dollar, which weakened against both…
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It was a day of two halves for sterling yesterday as recent losses were reversed in the afternoon. There was no particularly obvious reason for sterling to strengthen, which was almost across on the board, although against the…
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The US dollar posted good results yesterday, following hawkish comments on Monday evening from one of the Fed’s monetary policymakers Jeff Schmid, who insisted that interest rates must stay high to see off inflation. We’ve got more Fed…
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The euro continued to lose ground yesterday after the French prime ministerial resignation. However, the losses are modest as government crises go, at least for now, and the only obvious point of interest in a week with little…
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Despite a brief slump yesterday lunchtime, GBP/EUR held on to the 0.5% or so that it gained after the French prime minister (the new one) resigned on Monday. A quiet period for UK data continues, but today the…
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It was a day of two halves for sterling yesterday as recent losses were reversed in the afternoon session. There was no obvious reason for that rise, which was almost across on the board, although against the euro…
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