The dollar was strong against a basket of currencies yesterday, supported by positive data. US homebuilding fell less than expected in January while permits rose to nearly a 13-year high, pointing to housing market strength. The greenback is…
Read more
›
Eurozone construction unexpectedly slumped over the last year, figures yesterday revealed. The markets had been expecting an increase, and the fall put further pressure on the single currency. Among individual countries, Germany and France saw output fall by…
Read more
›
Pound weakened as worries over trade negotiations continue. Michel Barnier reiterated his point that the UK cannot have a Canada style deal with the EU, prompting an immediate response from the Prime Minister. Johnson accused Barnier of backtracking…
Read more
›
The latest inflation figures showing an unexpectedly high rise, almost hitting the Bank of England’s target – making the likelihood of an upcoming rate cut seem slimmer. However, the pound is weaker this morning as concerns over UK-EU…
Read more
›
The dollar was weaker against the pound but rose to a near three year high against the euro yesterday, as weak data pressured the single currency. After a series of speeches from Federal Reserve Officials today, the FOMC…
Read more
›
Euro was put under pressure this morning after very disappointing economic sentiment data. Figures for Germany dropped to 8.7, instead of the forecast 21.5, while figures for the eurozone – expected to show a five-point rise – showed…
Read more
›
Sterling strengthened against the euro yesterday afternoon to a two-and-a-half month high and is still strong this morning, following mixed UK jobs data and poor economic sentiment data from the EU. Whilst the European economy appears to be…
Read more
›
Unexpectedly poor economic sentiment figures from the Eurozone helped to strengthen the pound yesterday, briefly hitting a high against the euro at noon. It was also helped by wage data showing that earnings have seemingly returned to pre-economic…
Read more
›
