by Christopher Nye | Jul 27, 2026
Compared to a month ago, sterling is looking good against the euro at 1-1.5% above where it spent most of last year. However, the past week to ten days has seen it drift, as the markets rethought the Burnham bounce and, perhaps more relevantly, war in the Middle East...
by Christopher Nye | Jul 24, 2026
After its surge at the start of the month, sterling is on the back foot this morning, having fallen by 1% against the US dollar and 0.5% against the euro this week. That still leaves GBP/EUR well above (about 1.5%) the levels it was becalmed in last year, but for...
by Ryan Morrison | Jul 23, 2026
The pound is having a quiet grumble this morning, slipping a little against both the euro and the dollar. But the day does not really belong to sterling. It belongs to Frankfurt, where the European Central Bank decides what to do with interest rates this afternoon. It...
by Jonathan Cook | Jul 22, 2026
Britain’s new prime minister, Andy Burnham, has only been in Number 10 for a matter of hours, but he is already getting a sense of the challenges ahead. Sterling fell to its weakest against the euro in a week as more proposed government spending unnerved currency...
by Jonathan Cook | Jul 21, 2026
A risk-off mood slightly soured Andy Burnham’s triumphant arrival in Downing Street yesterday, as tensions in the Middle East continued to drag the price of oil higher and support safe-haven currencies. Sterling fell sharply against the euro and US dollar after the...
by Charles Purdy | Jul 20, 2026
Andy Burnham enters Downing Street today with promises of stability. Currency markets, unfortunately, have chosen a rather less orderly backdrop for his arrival. The new prime minister is expected to begin announcing his cabinet after meeting the King. Investors will...
by Christopher Nye | Jul 17, 2026
After marching reliably upwards over the past month the pound did something of a doubletake over the past 36 hours and has slipped backwards. Even so, you’re getting close to 2% more euros and dollars than a month ago for your sterling. Is this the end of the line for...
by Ryan Morrison | Jul 16, 2026
The pound is having a good week, and it is not often you get to write that without a caveat arriving in the same sentence. It has climbed to its strongest against the US dollar since the middle of June and sits close to a one-year high against the euro. Better still,...
by Jonathan Cook | Jul 15, 2026
Tuesday brought mixed fortunes for the pound as currency markets continued on a cautious note. Sterling strengthened by over half a cent against the US dollar but fell back to its weakest level this week against the euro. With Andy Burnham set to take over the lease...
by Jonathan Cook | Jul 14, 2026
Another round of tense exchanges between the United States and Iran sent investors dashing towards shelter to start the week. In a predictable escalation that all but ended the fragile ceasefire, Donald Trump suggested he would force the reopening of the Strait of...
