The euro is strong against the pound and the dollar today, despite poor German and Italian data earlier in the day. This morning, ECB official Yves Mersch will make a speech and is expected to hint at the…
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Sterling weakened yesterday following disappointing GDP data, which increased expectations that there may be an interest rate cut in the near future. The UK economy grew 0.6% year-on-year in November 2019, the weakest expansion since June 2012. Service…
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Sterling weakened yesterday as data showed that Britain’s economy grew at the weakest annual pace in more than seven years in November. This has increased fears of an interest rate cut later this month. It’s relatively quiet on…
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The dollar strengthened on Friday after the release of the US jobless rate, which held steady at near a 50-year low of 3.5% and non-farm payrolls missed expectation, increasing by 145,000 jobs. However, the poor Non-Farm Payrolls figures…
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Euro ended last week up against the pound, after French and Spanish industrial production both came in better than forecast. This follows on the heels of above-expectation German industrial data earlier this week, and is a positive sign…
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The pound had a relatively choppy end to the week on Friday, after Mark Carney hinted at an interest rate cut, and said that it could be ‘relatively prompt’ if problems persist. This week will see a number…
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Reports in the press would have it that Boris Johnson is a changed man. You can see it for yourself at Prime Minister’s Questions, where the grandstanding has gone along with the artfully dishevelled hair. The impression is…
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Sterling is weaker this morning as a Bank of England policymaker has said that he will vote for a rate cut at the end of this month, unless economic data shows a significant improvement. This follows Mark Carney’s comments…
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