Dollar movements spark ‘Trussonomics’ fears with worst case scenario ‘no longer unthinkable’ April 16, 2025 The dollar’s worst case scenario is “no longer unthinkable,” economists have warned, as some draw parallels with the crisis in UK financial markets during the Liz Truss premiership. Alongside plummeting stocks and falling bond prices, the US currency has weakened in the wake of Trump’s erratic tariff agenda, with growing concerns that its status as [...]
US dollar weakens as de-dollarisation becomes ‘real, and frankly scary, prospect’ April 14, 2025 The dollar has fallen 0.7 per cent today, marking its fifth straight day of decline, as markets continue to reassess the currency’s position in the global economy. The DXY index, which tracks the dollar’s value against a basket of currencies, dropped to its lowest in three years in trading today. The dollar index has now fallen [...]
Deutsche Bank: The market has ‘lost faith’ in US assets April 9, 2025 A “remarkable” sell-off in the dollar and US Treasuries suggests global markets have lost faith in American assets, and risks sparking an “outright financial war” that could force the Federal Reserve into another round of quantitative easing, Deutsche Bank’s top FX analyst has warned. In a wide-ranging note on Wednesday, George Saravelos said that the [...]
UBS upgrades sterling expectations amid dollar dip April 7, 2025 UBS has upgraded its expectations for sterling against the dollar due to its fall amid a global trade war kicked off by President Trump After jumping 1.3 per cent against the dollar immediately after the tariff were announced, sterling has fallen more than two per cent, leaving it 0.7 per cent down over the last [...]
Trump’s tariffs trigger Wall Street’s biggest losses since 2020 April 4, 2025 Trump’s ‘Liberation Day’ tariff onslaught left global markets with some of their biggest losses since the pandemic. The FTSE 100 sank 1.5 per cent as banking and tech stocks across the globe dragged the index down. The FTSE 350 bank index fell nearly eight per cent, as Standard Chartered, HSBC, and Barclays all suffered heavy losses. Over [...]
Pound tops $1.30 for first time since Trump’s election win March 18, 2025 The pound has traded above $1.30 for the first time since president Donald Trump’s November election win, as a falling dollar caused by trade war fears has proved a boon for sterling. Sterling has climbed 2.7 per cent over the last month and 6.5 per cent since its January low, reaching a fourth-month high of [...]
The four factors set to raise inflation this year March 7, 2025 Inflation will briefly hit 3.6 per cent this year and “remain well above” the Bank of England’s target until late 2026, according to Oxford Economics. In a report led by UK economist Edward Allenby outlined the four key drivers of inflation in the upcoming year. Changes in the Budget Allenby highlighted the VAT slapped onto [...]
Dollar risks losing safe haven status, says Deutsche Bank March 4, 2025 The dollar is at risk of losing its traditional status as a safe haven for global investors following a tariff backlash, a European banking giant has warned. German-based Deutsche Bank said: “This needs to be acknowledged as a possibility” after the speed and scale of geopolitical uncertainty accelerated the dollar’s turmoil. The concerns were shared [...]
Pound sterling rises to highest level this year as markets digest ‘mind-blowing’ tariff plans February 14, 2025 Sterling was trading at $1.26 on Friday afternoon, up 0.3 per cent on the day and its highest level so far in 2025.
Pound sterling slumps after US inflation beats expectations February 12, 2025 Figures from the Bureau of Labor Statistics showed that US inflation came in at 3.0 per cent in January, up from 2.9 per cent and ahead of economists' expectations.