by Christopher Nye | Jul 18, 2025
It was a strong day for the dollar following hawkish comments from a US Federal Reserve policymaker. We’ve got some housing data coming out of the USA today, plus the Consumer Sentiment Index from The University of Michigan. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Christopher Nye | Jul 18, 2025
Although the single currency has broadly strengthened this week, with more than a 1.5% gain on the Scandinavian currencies, the fall against the US dollar is the bigger story, at 0.5% yesterday and 1% over the week. There is little data to excite the markets today....
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by Christopher Nye | Jul 18, 2025
The pound gained up to 0.5% against most other currencies yesterday following the announcement of further above-inflation pay rises in the UK, even as unemployment hit 4.7%. It’s the end of a long period of influential data and things quieten down now, until PMI on...
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by Charles Purdy | Jul 18, 2025
Good news for wage earners yesterday could be bad news for mortgage holders, as a strong rise in wages of 5% – far outstripping even the sharp rise in inflation announced on Wednesday – continues to put an interest rate cut in early August in doubt. The wages news...
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by Jonathan Cook | Jul 17, 2025
Earlier this week, President Trump claimed the process to replace Fed chair Jerome Powell had begun in earnest. Yesterday confirmed it. It emerged that Trump had asked lawmakers if he should sack Powell, causing a steep fall for the US dollar. Already facing huge...
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