The Currency Markets Do Provide An Immediate International Perspective
The volatility in the currency markets continues amid inflation and recession concerns with the Pound starting the month at a 2-month high against the Euro, then dropping over 3% in the first 9 days of November but has since recovered one-third of the loss. Against the Dollar, the Pound had a much better first half […]
The Pound Is Rising!
The 20-day moving average of JPMorgan’s Global FX Volatility Index hit its highest level this month since January 2012. When you consider some of the events that have happened over the last decade including: the eurozone debt crisis; the Brexit vote and aftermath; Trump’s election victory in 2016 and loss in 2020; the Covid pandemic […]
So Where Does The Pound Go From Here?
I think historians are going to have a field day in years and perhaps decades to come when they come to write on the events of this last week in British politics. Did we really live through a week where a government with a 69-seat parliamentary majority completely lost its way? Including seeing a British […]
Currency Market Chaos
The last week of September must rank up there in terms of sheer currency market chaos and volatility since I started working in the financial markets in 1985. As the ever negative British main-stream media never tire of telling us… The Pound opened last week at some historic lows against its main currency market competitors: […]