It wasn’t so bad for the single currency yesterday, with gains on the US dollar if not the pound. But the economic headwinds are severe for the euro with rising inflation and sluggish economic growth at best. Eurozone…
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The pound gained strongly against almost everything but the yen yesterday, including close to a percent on the US dollar, taking it to 2.25% gain over the course of April. Less spectacular against the euro, and we are…
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In early trading this morning the pound reached its best against the euro since last summer. It is also at a six-week high against the US dollar, after a day when central bankers and monetary policymakers were in…
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The pound is holding its nerve this morning ahead of a day that has been circled in red on currency traders' calendars for weeks. Both the Bank of England and the European Central Bank announce their rate decisions…
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Sterling has come into this morning’s decision in reasonable shape – broadly firm against the euro and well above where it started April against the dollar. The hold itself is a foregone conclusion; what moves markets is whether…
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The euro has barely flickered this week as markets wait for direction. The decision itself is all but certain to be a hold, but this morning’s flash inflation reading is expected to show eurozone consumer prices accelerating past…
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The dollar firmed overnight as markets absorbed the hawkish tone of the Federal Reserve’s split decision. Three committee members pushed to drop any language pointing toward future rate cuts – a meaningful signal that inflation is making the…
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It was a positive day for the pound yesterday which dodged a couple of potential risks. While it weakened initially against the euro, sterling then thought better of it, remaining at the upper reaches of where it has…
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