The pound opened today at a five-week low against the euro after shedding a cent and a half of value across the course of last week's action.
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Recent months have seen a reappraisal of the US dollar’s safe-haven status. But the prospect of a Israel-Iran conflict proved old habits die hard. The US dollar advanced by over a cent against the pound and euro on…
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Last week was a tale of two halves for the euro. A blistering mid-week performance gave way to losses against its rivals on Thursday and Friday, driven by softening economic data and poor sentiment.
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UK economic developments came thick and fast last time out, little of which proved to be good news for the pound. As is so often the case, the next patch of volatility could arrive soon, with the Bank…
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Sterling ended Friday at a five-week low against the euro, pairing those losses with a fall of over a cent to the US dollar after news of Israeli strikes on Iranian nuclear facilities rocked currency markets.
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Sterling joined in with the general pile-in against the US dollar yesterday, while dropping to a five-week low against the euro. While that has been partially reversed overnight, next week the volatility may well continue, with inflation data…
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The only was up for the euro – with close to a 1% gain on USD and smaller but still significant advances on the pound, yuan and Australian dollar. We’re getting final results for inflation this morning and…
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The US dollar made its biggest losses against the Swiss franc, Norwegian krone and euro yesterday, as the third of three significant downward lurches of this spring and summer knocked another 1% or so off the value of…
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