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…
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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…
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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…
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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…
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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.
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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.…
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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…
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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…
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