It’s a quiet week for economic releases, with the agenda largely expected to be dictated by political events. The pound is down against the euro and dollar, but, with concerns over the Italian political crisis in the euro,…
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The pound starts the week two cents higher against the euro than last Monday and a cent higher against the US dollar. In the context of the past four months that’s the classic example of a ‘dead cat…
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The dollar is weak against the pound but strong against the euro today. A surge in US retail sales has allowed the greenback to hold onto its gains and eased concerns about a slowing economy. The report showed…
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Suggestions that the ECB will go down the route of a sizeable economic stimulus package have put downward pressure on the euro this morning. Olli Rehn, Governor of the Bank of Finland and a member of the ECB’s…
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Sterling is near one-week highs this morning, as rhetoric around blocking a no-deal Brexit ramp up. Despite this, Labour’s plan to install Jeremy Corbyn as caretaker Prime Minister has been met with opposition from key potential allies, such…
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The pound has reached near one-week highs today, as hopes have been raised that no-deal could be avoided – although this lift could be short-lived, as there will be plenty of political back-and-forth before any concrete happens. Sterling…
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The dollar is weak this morning against both the euro and the pound, possibly due to recession fears and trade war uncertainty. There are increasing concerns that a recession could hit the US economy, due to a yield…
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Euro is choppy this morning, after a downturn yesterday following poor economic releases. While largely expected by the markets, the drop in GDP growth is not a good sign – and year-on-year industrial production figures came in lower…
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