Monday proved to be a strong day for the dollar, as the US currency climbed 0.4% on both the pound and euro. The gains were likely driven by investors looking for a safe haven currency while the results…
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The pound strengthened by half a cent against the euro last week and begins Monday at its highest level in August so far. The UK economy passed its most recent test courtesy of better-than-expected Gross Domestic Product (GDP)…
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The University of Michigan’s consumer sentiment survey fell sharply in August, coming in below forecasts at 58.6. In the responses, consumers highlighted increased inflation and unemployment expectations. The US dollar is facing a similar outlook, which helps explain…
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The euro has maintained its strength throughout the summer season. Close to a four-year high against the US dollar and holding its own against sterling, it’s now clear that a rejuvenated single currency is no flash in the…
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The pound was rewarded for passing last week’s GDP test, but this week brings yet more hurdles. Inflation might make awkward reading for the Bank, but don’t expect sterling to navigate the second half of the week without…
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The pound strengthened by half a cent against the euro and by over a cent against the US dollar last week, bolstered by June’s unexpectedly robust GDP report. A subdued Friday saw some of the week’s risk appetite…
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It was a busy day on the currency markets. There were rises for sterling in the morning, with the pound-to-euro rate hitting its best since the beginning of July. Then the Producer Price Inflation (PPI) data for the…
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There were big rises across the board for the dollar following the release of PPI data that shows a strong uptick in inflation. We’ll be getting retail sales data shortly, then the Michigan Consumer Sentiment Index, both good…
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