Currency Note EUR


USD: Dollar ends week with fresh impetus

The dollar’s extraordinary week continues right to the end, rising strongly against the euro and pound this morning. The dollar has gained two cents on the pound this week, as the impact of the Federal Reserve’s 75 basis point interest rate rise is set against the...

EUR: Euro sinks against dollar

The euro had another broadly negative day, with clear blue water now appearing between EUR and USD as the euro has remained below parity for three days. That has continued with fresh negativity for the euro this morning. After a topsy-turvy day during which it...

GBP: Chancellor aims to strong-arm UK out of recession

The new chancellor will be unveiling his package of growth measures shortly, and this could easily move GBP. There has already been plenty of action in the currency markets this morning, with the pound falling sharply against the US dollar. Yesterday’s split decision...

Markets listen in to Kwarteng’s growth prescription

Sterling swung wildly over the course of yesterday against most currencies as the markets prepared for and then reacted to the Bank of England’s (BoE) interest rate decision, before finally ending the day roughly where it began. This morning the US dollar has...

US: Federal Reserve raise interest by 75 basis points

The dollar strengthened against sterling to a new 37-year high yesterday around the Federal Reserve’s highly anticipated interest rate decision. This morning however, it has slipped back fractionally. America’s latest existing home sales figures revealed...

EU: euro still weaker against dollar

Putin’s acceleration of the war in Ukraine yesterday morning saw the euro fall against both currencies, as markets looked to currencies such as the dollar as a ‘safe-haven’. The euro remains weaker against the dollar this morning (after shooting up briefly in the run...

Sterling weakens further ahead of interest rate decision

The pound fell sharply against the dollar following the US Federal Reserve’s interest rate increase last night. Against the euro the pound strengthened initially then gently declined through the afternoon. Sterling’s new strength followed President Putin’s...