After moving in lockstep on Tuesday, the pound and euro separated with GBP gaining 0.2% on the EUR. However, it was another day of gains for the dollar, which climbed nearly 0.3% on the pound and over 0.5%…
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While the pound is up on the dollar compared to this time last week, Tuesday saw the US currency begin its catch up in earnest. The news comes as the IMF gives Rachel Reeves a warning.
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The US stock markets surged on Tuesday as US President Donald Trump hinted at progress towards a trade deal with the EU. Over the course of the day, the dollar climbed 0.6% on the pound and euro. Though,…
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Like the pound, the euro trailed the dollar on Tuesday trading. Even increased consumer confidence and Eurozone economic sentiment did nothing to fuel gains.
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The pound was level pegging with the euro throughout Tuesday and trailed the dollar by 0.6%, despite getting a minor vote of confidence from the IMF. The group has upgraded its growth forecast for the UK, though called…
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After a day of solid gains on the US stock market, the dollar climbed more than 0.6% on both the euro and the pound. It saw these gains despite positive economic news coming out of both the UK…
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Sterling ended Friday with a blistering run against the euro and the US dollar, which saw GBP/EUR strengthen by half a cent and took GBP/USD to its highest level in well over three years.
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The stars aligned to push sterling higher against its main rivals last week. GBP/EUR has added almost 2% since the end of April, while GBP/USD finished last week at its highest level since February 2022.
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