by Christopher Nye | Aug 3, 2026
Sterling begins the week having stopped its recent slide against the euro and gaining momentum against the US dollar. The overall positive backdrop for sterling exchange rates was three Bank of England policymakers voting to raise rates on Thursday. This was a...
by Christopher Nye | Jul 31, 2026
The Bank of England (BoE) elected to hold interest rates at 3.75% yesterday, following on from the US Federal Reserve which also held on Wednesday evening. The pound then strengthened against the US dollar by close to 1% and against the euro by around 0.25%. The euro...
by Ryan Morrison | Jul 30, 2026
The pound has slipped against a firmer dollar this morning and is holding its ground against the euro, but its day really starts at noon. That is when the Bank of England makes its biggest call of the summer, and it does so with oil back on the boil and the...
by Jonathan Cook | Jul 29, 2026
The pound slumped to its lowest level in three weeks against the euro on Tuesday ahead of the Bank of England’s interest rate decision tomorrow lunchtime. In what was a topsy-turvy day for currency markets, the euro powered ahead on more positive diplomatic signals...
by Jonathan Cook | Jul 28, 2026
Sterling weakened against the US dollar and the euro at the start of a jampacked week featuring significant economic, political and central bank events. Before all of that, the energy crisis was once again the big story on Monday. The weekend pause in hostilities to...
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...
