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Powell fails to spoil investors mood
Powell pushback just not enough. Pound profits from new FX hierarchy. Euro under pressure despite a surge in optimism
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No holiday in Europe
Euro unfazed by German debt issue. UK returns to growth, contrasting the Eurozone. US in festive mood as volatility falls.
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Dollar nursing losses as easing bets mount
Dollar continues to suffer, with stocks at 22-month highs. Pound enjoying the risk rally. German data supports upward euro momentum.
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Dollar rebounds from worst day of the year
US stocks up 10% since October low. Sterling slides sharply from 2-month high. Euro up, promise of bottoming
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Goldilocks back on the table
Investors embrace disinflation. Dust settles after best day of 2023. EUR rallies as investors throw in a towel on USD.
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US credit downgrade highlights debt risks
Bad news is good news. Dawning data deluge to steer sterling. Waiting for the European bottom.