A mixed day for the single currency too, with no clear pattern emerging from a mass of industrial data this week, ahead of the ECB rate decision today. We can expect a rate cut, the ninth in two…
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Sterling lost against almost all comers yesterday, the exception being the US dollar. It’s a fallow period for data from the UK, but we’ll get a reading for new car sales shortly and tomorrow it’s the turn of…
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Sterling drifted upwards yesterday against the US dollar after some disappointing industrial results seemed to reflect growing business worries in the world’s biggest economy. GBP/USD came close – but no cigar – to breaking another three-year high. GBP/EUR…
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The dollar’s decline under the Trump administration almost hit a stark milestone this week, with the dollar coming within a whisker of hitting a three-year low against the pound. It has recovered slightly but it’s still down nearly…
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The dollar recovered from Monday’s near three-year-low against the pound, gaining more than 0.5% on the euro and 0.2% on sterling. The growth was driven by surprisingly high job openings data, with nearly 300,000 more positions open than…
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The euro fell against the pound and the dollar on Tuesday as traders prepare for a likely interest rate cut on Thursday. Eurozone inflation fell below the bloc’s 2% target, dropping further than forecast, which makes an ECB…
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The pound gained 0.4% on the euro on Tuesday, and only made a minor loss against the dollar. However, this was likely a result of trader movement preparing for an ECB rate cut on Thursday. Closer to home,…
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While the dollar is still broadly down against the pound and euro, Tuesday saw it make gains after better-than-expected jobs data. Sterling meanwhile saw 0.4% growth over the euro, as the markets prepare for the European Central Bank…
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