For the past three months the pound has been trading in a relatively narrow band against both the euro and US dollar. The reason is simply that the currency markets don’t know which way to move and are…
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The dollar has weakened slightly this morning as tariffs on $200 billion worth of Chinese imports into the U.S. will be raised to 25% from 10%.
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German trade surplus figures, released early this morning, showed that the surplus rose on a seasonally adjusted basis by €2 billion month-on-month, beating the forecast by €0.5 billion. Exports were also positive, surprising observers by not declining but…
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Sterling dropped to a one-month low yesterday and continues on a weaker footing today, due to doubts that Brexit talks are making any progress. Mounting pressure on the Prime Minister to set a date for her resignation is…
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As the week comes to a close, focus for sterling turns to GDP results, which are due to come out at 9:40am. A poor result could have a negative effect on an already weak pound. Meanwhile, the Prime…
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Yesterday, the dollar was mostly flat against major currencies and it is weak this morning, as the markets await news on the US-China trade talks.
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It’s a quiet week for the euro following publication of economic forecasts earlier this week, which expect growth at a moderate pace. The highest rates are forecast in Eastern Europe, with a slower pace in the UK, France…
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The pound slipped further yesterday afternoon as it became apparent that cross-party Brexit talks would not be reaching a conclusion any time soon. There were even reports that the negotiations were ‘near collapse’, sending sterling even lower. But…
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