It’s a sea of red on the charts for the euro this morning, but the good news for those selling euros is that the losses are minor. It’s been a quiet period for the euro, and with relatively…
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The pound started the weekly strongly this morning as the markets look ahead to a week full of high-level data and with an interest rate decision on Thursday. Trading may have been positive so far, but there is…
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The start of a pivotal week for the pound and US dollar has started very much in sterling’s favour. GBP/USD gained 0.25% in early trading, with GBP/EUR not far behind. This may come as a surprise bearing in…
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It was a sea of red for the US dollar yesterday, though whether that was because of the increasing likelihood of an interest rate cut, or worries over economic performance, remains to be seen – maybe a bit…
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The ECB made no move on interest rates again yesterday, while predicting a small rise in inflation to 2.1% next year and a rise in GDP to 1.2% this year (and 1% next year). This did little to…
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It’s been a little quiet for sterling this week, with steady growth after a minor slump on Monday, taking GBP/EUR clearly above the five-year average once again. Next week we have lot of data coming through, including the…
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The first of a string of potentially influential data releases for the value of sterling has started negatively this morning with flatlining Gross Domestic Product (GDP) in July. Zero economic growth in the month pushed quarterly growth down…
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The dollar was ahead of the pound and euro on Wednesday, closing 0.2% on EUR and 0.15% ahead of GBP. Recent upsets on recent US economic data, makes today’s inflation figures less predictable. A larger climb is possible.…
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