The pound has drifted into the back half of the week, a little softer against a strong dollar and barely moving against the euro. That stillness is deceptive. The real story this week is not where the currencies…
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Sterling begins Wednesday having modestly strengthened against the euro and the US dollar since the start of the week. The pound's performance would have been more positive had it not been for another round of confrontation between the…
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The US dollar opened the week with a strong showing, helped first by another stumbling block to peace in the Middle East before it was given a further boost by some strong data from the American manufacturing segment.
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The calm continues for sterling, as the weekend papers continued to dwell on Labour’s failings in the calm before the Makerfield by-election, and with the fragile ceasefire still holding in the Persian Gulf. Over the past month, although…
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May has been largely negative for sterling, with falls of between half a cent against the euro and well over 1% against the US dollar. However, it could have been worse after a mid-month drop that recovered. The…
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Sterling spent Wednesday going almost nowhere against the dollar and euro, and that tells you something. When the pound stops moving, it usually means the market is staring at something more interesting, and right now that something is…
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The pound weakened by over half a cent against the euro and the US dollar on Tuesday as hopes of an imminent peace deal in the Middle East slipped away.
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Sterling picks off after the long weekend close to its best level against the euro in over two weeks. The mood in currency markets had been galvanised by the apparent progress in negotiations between the United States and…
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