by Jonathan Cook | Oct 21, 2025
Any advances the euro might have been able to pull off on Monday were halted by news that S&P had downgraded France’s sovereign bonds. The move from AA- to A+ sends a significant message to investors about the uncertainty of the political picture and could bring...
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by Jonathan Cook | Oct 21, 2025
Ahead of Wednesday’s crunch inflation report, Bank of England governor Andrew Bailey provided the pound with a little boost. Future interest rate cuts would have to be “gradual and careful” in order not to upset the delicate balances within the economy, Bailey said....
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by Jonathan Cook | Oct 21, 2025
UK net borrowing increased to £20.2 billion in September from £15.3 billion in August, the latest setback for Chancellor Rachel Reeves as she prepares for next month’s autumn budget. That was the second largest spending deficit recorded in this calendar year and comes...
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by Jonathan Cook | Oct 20, 2025
Sterling failed to make much headway against the euro last week, a period dominated by more evidence of economic weakness and some home truths delivered by Chancellor Rachel Reeves. The UK economy is suffering from several problems. Most importantly, it only grew by...
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by Jonathan Cook | Oct 20, 2025
On Friday, President Trump again voiced his desire to cool the brewing trade war with China. The US dollar and Wall Street both rallied in the aftermath, despite signs of stress in American markets and the prospect of another week of government shutdown. EUR/USD: the...
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