by Charles Purdy | Apr 29, 2024
Sterling starts the week in a much better position than last Monday, having gained around 0.7% against the euro and 1.3% against the US dollar. The pound’s strength against USD has come from the diminishing expectations of early interest rate cuts from the US Federal...
by Jonathan Cook | Apr 29, 2024
US data last week sharpened focus on the Federal Reserve, who now must navigate a tricky environment as the next election draws ever closer. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on currencies and currency risk management...
by Jonathan Cook | Apr 29, 2024
The euro had been having a good week against the US dollar, before the drama of Thursday and Friday helped quash those gains. It could be in the firing line again with more European data in the early part of this week. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1...
by Jonathan Cook | Apr 29, 2024
Sterling recovered from its recent wobble to post a much more solid week against its rivals. GBP/EUR trended up and looks to build on momentum this time around. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
by Jonathan Cook | Apr 29, 2024
The US dollar ended last week on a high as the Federal Reserve’s favoured measure of inflation increased by 0.3% in March. It’s a similar pace to last month, but the stubborn increases were a worrying sight when coupled with Thursday’s US GDP figures, which surprised...
by Christopher Nye | Apr 26, 2024
It was (almost) all downhill for the dollar this week, as hopes for an early interest rate cut and economic soft landing ahead of the election dissipated. There will be more income and spending data coming out this afternoon. USD/EUR past year 1 Min 5 Min 1 Hr 1 Day 1...
by Christopher Nye | Apr 26, 2024
A good day against the US dollar and yen were the high spots in a week where the EUR/USD has gained 0.8%. There’s a lot of lower level data coming in today, but on Monday matters liven up with Spanish and German inflation levels and then GDP on Tuesday. EUR/USD past...
by Christopher Nye | Apr 26, 2024
Sterling gained as much as 0.5% against major rivals yesterday, taking the week’s gains on USD to 0.6% but approaching the end of the week marginally down on EUR. Overnight we have had GfK Consumer Confidence, which showed an improving picture, rising to -19, but...
by Charles Purdy | Apr 26, 2024
Sterling continued its upwards trajectory yesterday, powered against the US dollar by a surprise for US Gross Domestic Product (GDP). America’s economy grew by an annualised 1.6% in the first quarter of 2024, nearly halving from Q4 of 2023 and its worst since early...
by Roseanne Bradley | Apr 25, 2024
While the pound remains largely unchanged against its major rivals, all eyes are on the euro-to-US dollar rate, which met fresh demand this morning, gaining close to 0.4%. The focus for the pairing remains on key US data. New orders for manufactured goods in the US...
