The pound moved up, down and back up again yesterday as the Labour conference kicked off. Reeves was at pains to emphasise her fiscal restraint, which certainly helped cool some heads in the bond market. It also demonstrated…
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UK Chancellor Rachel Reeves gave the strongest indication yet that she would raise taxes to plug the government’s spending deficit at the autumn budget.
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Sterling was little changed against the euro over the course of last week, bobbing up and down by half a cent without ever really threatening to break the deadlock. The pound ended Friday still close to a two-month…
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The US dollar took a hit to end last week with focus shifting once again to the Federal Reserve. Markets took the latest core PCE report as a sign that faster interest rate cuts were on the horizon,…
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Last week provided something of a reality check for the euro, which had previously been basking in the warm waters of a multi-year high against the US dollar. The euro held its own against the pound but weakened…
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Sterling’s struggles over the summer have been well documented, but there’s little grounds for predicting a turnaround in the near term. Persistent concerns around government spending haven’t gone away, while the latest maneuvering within the Labour party adds…
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Sterling was able to end a testing week on a positive note last Friday, as news of yet more trade tariffs and cooling inflation from the United States dented demand for the US dollar.
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The dollar is riding high, picking up 0.6% on the euro and more than 0.75% on the pound. The surprise announcement that GDP was growing at a rate of 3.8%, much higher than forecast, drove these gains. However,…
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