A likely FED rate cut this week might be seen as a catalyst for the US dollar weakness but rate cuts themselves are probably not the driver here.
The pound remains under modest pressure on a trade-weighted basis after marking out a recent high back in late May. The Standard Bank lowered its expectations for...
The pound (GBP) has been on a good run since the debacle of the infamous mini-budget of September 2022 which saw the pound fall close to parity against the dollar. It...
It might just be the case that lessons learnt in the UK, but ignored in the US, could continue to propel the pound higher against the US dollar.
Sterling was second only to the US dollar as the best performing G10 currency last year but, after the first trading day of 2025, it has turned out to be the worst. Of...
Europe, and the UK in particular, have fallen significantly behind the US when it comes to productivity performance. Does this imply that the likes of the euro and the...
The pound has performed well so far this year but, for it to continue to do so, the financial market is going to have to put a lot of trust in the new government.
The pound is still the best performing G10 currency this year and it is also up on a broader trade-weighted index according to the Bank of England’s calculation. But...
Markets will be as understanding if new UK Chancellor Rachael Reeves Gerrymanders the fiscal rules to give her more room to pump up investment in next month’s budget.
Sterling has been the best performing currency in the G10 so far this year, but there’s a growing danger that it gives back some, or all, of these gains before the year...
The pound has performed quite well since the election. The movements of the pound fit call of many analysts that political stability, a focus on re-energising economic...
Sterling has hardly moved since the opposition Labour Party won a huge 174-seat majority last Thursday. That’s not surprising given that a strong outcome for Labour was...
A left-leaning but stable government, or a right-of-centre government that is inherently unstable? We could be about to find out in the UK as the electorate is likely to...
For major advanced democratic nations like the UK, political stability should be better for the pound than instability.
The UK and US share elections this year; the former on July 4th and the latter November 5th. But the 2024 calendar is all they share because, in many respects, the two...
The US dollar has risen against the euro and the pound even though policy rate differentials have been very stable, particularly with respect to the UK.
Currency investors probably won’t have the patience to buy sterling now in anticipation of what may turn out to be false hopes, but it is still an issue to look out for....
If the UK government delivers tax cuts that both lift growth prospects now and reduce Labour’s room for manoeuvre after polling day, then many might see that as...
There has been some talk recently that political parties vying to win this year’s UK election could propose the sort of fiscal largesse that rekindles memories of the...
Fixation with the performance of the US dollar is understandable given the dominance of the greenback in areas such as currency trading, reserve holding, trade invoicing...
With data seemingly dictating an end to rate hikes from the ECB and BoE, it seems reasonable to assume that both the euro and the pound will weaken significantly.
UK wage data was pretty shocking. It has raised speculation that the Bank of England could have to go further than previously expected when it comes to base rate hikes.
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