by Christopher Nye | May 10, 2024
It was all downhill for the US dollar yesterday, slipping by between a quarter and a third of a percent against major rivals. There will be a preliminary result for Michigan Consumer Sentiment this afternoon, and on Monday there are consumer inflation expectations to...
by Christopher Nye | May 10, 2024
It was a broadly positive day for the single currency yesterday, strengthening against the yen and US dollar and ending slightly up on sterling. Several European Central Bank rate setters will be talking today. Next week starts fairly quietly, although there will be...
by Christopher Nye | May 10, 2024
Sterling reaches the end of the week where it started against USD but 0.5% down against EUR. The high-level data continues next week, with unemployment and earnings on Tuesday. Watch out, too, for comments from Bank of England rate setters. The Bank’s chief economist...
by Charles Purdy | May 10, 2024
After a busy day for the markets, sterling ended yesterday’s evening session slightly up on the US dollar but ultimately going nowhere against the euro despite all the noise. However, this morning the pound has edged upwards on the news that the British economy as...
by Jonathan Cook | May 9, 2024
A rare quiet week for US data has allowed the US dollar to fly slightly under the radar. That is rarely possible, but a slight drop in risk appetite has attracted attention to the dollar all the while. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
by Jonathan Cook | May 9, 2024
There was a time this year when the euro struggled on a weekly basis. That period thankfully seems to be behind it, with the single currency now able to fight off interest rate speculation with minimal effect. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
by Jonathan Cook | May 9, 2024
The pound has come under pressure this week with the UK economy firmly in the line of fire. For sterling, much will depend on the reaction to the Bank of England’s press conference and the GDP figures that arrive tomorrow. GBP/USD: the past year 1...
by Jonathan Cook | May 9, 2024
The time of reckoning is upon the pound, as it must now navigate both the Bank of England’s interest rate decision today and Friday’s GDP figures before reaching the relative safety of the weekend. Sterling has slid in the second half of this week ahead of the key...
by Charles Purdy | May 8, 2024
The pound slipped yesterday, dropping to its weakest position for two weeks against the euro, to levels rarely seen this year against the euro and US dollar. That has continued this morning. The Financial Times blames it on “investors raising short positions to...
by Jonathan Cook | May 8, 2024
JOLTs job openings caused the US dollar to stumble last week, but renewed stress in the Middle East has helped it regain much of the ground it ceded to rivals on Friday. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on currencies and...
