The pound steadied itself on Wednesday after another government bond selloff led to steep falls against its rivals earlier this week. Sterling strengthened by a third of a cent against the euro and clawed back a full cent…
Read more
›
It’s been a whirlwind week for currency since I last wrote to you. After President Donald Trump attempted to fire Federal Reserve Governor Lisa Cook, threatening the independence of the US central bank, the dollar ended the week…
Read more
›
While the dollar held its value as the pound and euro struggled on Tuesday, ending the day 1.1% up on sterling and 0.6% on the euro, drops in the stock market show traders weren’t immune to what was…
Read more
›
Although it didn’t fall as far as the pound, the euro was still down 0.6% on the dollar by the end of Tuesday’s trading. The increase in bond prices in the EU will put immense pressure on the…
Read more
›
The pound plunged in value against the dollar and euro on Tuesday, losing more than 1% on the former and 0.6% on the latter. The cost of servicing UK long-term debt hit its highest level since 1998, suggesting…
Read more
›
In a dramatic day for the pound, a rise in bond prices saw confidence in sterling evaporate. GBP ended Tuesday down more than 1.1% on the dollar and nearly 0.6% on the euro. However, over the channel, a…
Read more
›
The dollar pulled back from significant losses mid-Monday to start Tuesday marginally ahead of sterling and 0.24% up on the euro. With the price of gold hitting a new all-time high and growing warnings and uncertainty about the…
Read more
›
Despite falling unemployment and increased manufacturing output, the euro fell against both the dollar and pound on Monday. Down 0.16% on GBP, it fell more than 0.25% against USD. European Central Bank head Christine Lagarde warned yesterday that…
Read more
›
