by Julian Benson | Apr 3, 2025
The dollar weakened in the face of euro and sterling, losing 1.4% against both currencies. Traders abandoned stocks in favour of safer harbours, such as gold, as they await to see the impact of Trump’s widespread tariffs. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
by Julian Benson | Apr 3, 2025
While the euro is 1.4% up against the dollar, there are tough times ahead for the eurozone. On top of the 10% global tariff and 20% retaliatory tariff, a 25% increase in automotive imports will hit Germany particularly hard. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1...
by Julian Benson | Apr 3, 2025
Sterling’s climbed 1.4% against the dollar, reaching $1.31 for the first time since October. However, the impact of the 10% tariff and additional 10% retaliatory tariff will likely see UK growth downgraded. GBP/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
by Julian Benson | Apr 3, 2025
Following US president Donald Trump’s announcement of a global tariff package on Wednesday evening, the dollar weakened against the pound and euro. USD is currently down 1.4% against both GBP and EUR. The president’s announcement came after weeks of threats and it is...
by Julian Benson | Apr 2, 2025
The big story of this week continues to be US President Donald Trump’s tariffs. Dubbing today ‘Liberation Day’, Trump plans to reveal sweeping global import tariffs that hit any country that applies a tax to US products. Despite hopes for a carveout from Trump’s...
by Julian Benson | Apr 2, 2025
The dollar was very slightly up on the pound and euro on Tuesday as the markets await today’s tariff announcements. In fuel for the Trumpcession fears, US job openings were down in February and the manufacturing industry is contracting. USD/GBP past year 1 Min 5 Min 1...
by Julian Benson | Apr 2, 2025
The euro ended Tuesday slightly down on the pound and the dollar as the market prepares for Trump’s tariffs. While the President says the tariffs are global, he has singled out the EU as an intended target. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
by Julian Benson | Apr 2, 2025
The pound recovered from a dip against the euro and dollar, ending Tuesday roughly where it started. With no major new data releases planned for this week, starling is at the mercy of Trump’s tariffs. GBP/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
by Julian Benson | Apr 2, 2025
After dipping against the euro and dollar on Tuesday morning, the pound recovered and ended the day largely level with both currencies. Today could see that all change as US President Donald Trump unveils his ‘Liberation Day’ tariffs. Despite hopes for a carveout from...
by Julian Benson | Apr 1, 2025
While the dollar may be up ahead of Trump’s impending tariffs, record gold prices and shrinking stock markets suggest the market is simply investing in a safe haven currency. The threat of a recession is growing and labour data published later today may add to those...
