Tag: Euro
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US dollar nosedives following Trump’s tariff announcement Daily Update
April 3 2025Pound (GBP) wobbles on trade deal setback The pound (GBP) initially struggled for direction on Wednesday as it became clear that the UK had failed … read more
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Euro softens as cooling inflation boosts ECB rate cut bets Daily Update
April 2 2025Pound (GBP) slips as tariff exemption hopes fade The pound (GBP) weakened yesterday as it became apparent that the UK would not be exempt from the … read more
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US dollar bolstered by Trump tariff jitters Daily Update
April 1 2025Pound (GBP) drifts sideways amid data drought The pound (GBP) remained rangebound during yesterday’s session, as a lull in UK economic releases … read more
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FX weekly forecast: Trump’s reciprocal tariffs to cast a long shadow over the currency market Weekly Forecast
March 31 2025Pound (GBP) Notable UK economic data is in short supply this week This may leave the pound (GBP) to take its cues from wider market trends If … read more
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Euro strengthens as EU seeks to avoid transatlantic trade war Daily Update
Pound (GBP) climbs on upbeat retail figures The pound (GBP) saw broad support at the end of last week, buoyed by encouraging domestic data UK … read more
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US dollar slides amid recession fears Daily Update
March 28 2025Pound (GBP) capitalises on rivals’ weakness The pound (GBP) enjoyed some success yesterday, with GBP primarily benefiting from depreciation in … read more
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Pound retreats on softer inflation and weaker growth forecast Daily Update
March 27 2025Pound (GBP) slumps as UK inflation cools and growth forecast cut The pound (GBP) faced notable selling pressure on Wednesday, initially falling … read more
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Pound slumps as inflation falls ahead of Spring Statement Daily Update
March 26 2025Pound (GBP) muted by downbeat sales data The increasingly risk-sensitive pound (GBP) was mixed during yesterday’s session, as the cheery market … read more
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Pound strengthens as UK service sector growth jumps to seven-month high Daily Update
March 25 2025Pound (GBP) buoyed by strong service sector growth The pound (GBP) climbed higher yesterday as investors reacted positively to the UK’s latest PMI … read more
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FX weekly forecast: UK spending cuts to weigh on Sterling? Weekly Forecast
March 24 2025Pound (GBP) There are several UK economic releases of note this week, including last month’s inflation figures However, this might be overshadowed … read more