It feels very much as though currency markets are waiting for the US dollar’s next misstep. The jobs fiasco has undermined already wobbly confidence and the US dollar will likely come under pressure alongside the number of high…
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Euro sellers will be glad to see that the single currency has done well even amid a patch of negative headlines. The euro shed only a little value to the pound last week and strengthened by almost a…
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The pound drew strength from a divided Bank of England to end last week, as well as increased uncertainty around the pace of future cuts. This week will no doubt test that rally. A key GDP report has…
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Sterling finished last week strong, gaining around a cent against the US dollar and the euro across Thursday and Friday. Much of this momentum stemmed from a notably divided interest rate decision from the Bank of England, which…
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A mixture of green and red on the charts for the US dollar yesterday, but all movements apart from against the pound were smaller than usual. The high-risk area for the dollar next week is Tuesday, with the…
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Whether because all of Europe is at the beach or because there was little to interest the markets, the euro barely moved yesterday, apart from against the pound, where it weakened by 0.6% over the working day. The…
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The pound strengthened by just over half a percent against major rivals yesterday following comments from BoE governor Andrew Bailey yesterday. In making their decisions on interest rates the BoE relies on data, and next week we have…
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Sterling surged against all-comers yesterday following the Bank of England’s (BoE) interest rate cut. It was a day of drama for its Monetary Policy Committee (MPC) which had an unprecedented second vote after failing to reach a majority…
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