Currencies in glass houses shouldn’t throw stones, as the old saying goes. This was particularly evident yesterday, when the US dollar briefly strengthened against the euro before falling back. Perhaps investors realised that there wasn’t much difference between…
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France’s outgoing PM hit out at the “lack of compromise” within the country’s political system. That seems like a fair characterisation, given he was tugged from both left and right-wing figures to make various concessions. As the blame…
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Monday brought respite from the unpredictable swings the pound has grown accustomed to in the past month. Sterling strengthened by half a cent against both its main rivals, although that had more to do with events elsewhere than…
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French Prime Minister Sébastien Lecornu resigned on Monday amid open rebellion from both left and right-wing party members in parliament. Lecornu, who took over from François Bayrou less than 30 days ago, proved unable to force through an…
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It was tough sledding again last week for the pound, which failed to generate much in the way of momentum against the euro. That’s been the theme for several months, giving overseas buyers and investors alike a prolonged…
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The lack of data means the US dollar is more susceptible than ever to the rumours and whispers of investors. Those will grow following the release of FOMC minutes with little in the way of evidence to serve…
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Suddenly, the euro’s trajectory seems notably more stable than that of its rivals. Another solid week brought a half-cent strengthening against the US dollar, and while the euro was little moved against the pound, it is still around…
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Friday brought more bad news for the pound and the UK economy. S&P’s initial estimate of services output in September was revised down from 51.9 to 51, which probably prevented the pound from making more significant progress.
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