Pound struggles to get out of first gear

Last week was another tough one for the pound, which has spent the majority of summer straining and sputtering but failing to make up much ground over the euro. Since the start of July, sterling has weakened by over a cent, a number that rises to almost four cents if...


read more

USD: Resilient to the end

The US economy proved its resilience last week with a string of impressive reports from industry and consumers. This allowed the US dollar to finish the week on the front foot, despite a number of more troubling issues lurking the backdrop. EUR/USD: the past year 1...


read more

EUR: Shaking off uncertainty

The spotlight will shine bright on the euro this week, but that didn’t prevent it ending last week positively. The euro strengthened by around a third of a cent against the pound and the US dollar on Friday, shaking off any suggestion it might weaken amid uncertainty....


read more

GBP: Mid-summer blues

To give you an idea of the kind of month the pound has had, sterling has shed a cent against the euro and around three cents against the US dollar. This trend has been shaped by the economics, which are now causing even more bother due to their conflict with the...


read more

Sterling struggles on interest rate outlook

The pound is straining to generate momentum to begin the week after a pair of disappointing economic releases raised the stakes for the Bank of England’s next meeting. Sterling weakened by half a cent against US dollar across last week and traded sidewards against the...


read more