The euro was down nearly 0.9% against the pound on Monday and over 0.25% against the dollar. German economic surveys due later today will indicate how worried the country is about the impact of Trump’s tariffs.
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The pound grew more than 0.8% against the euro and dollar on Monday. Despite businesses lacking confidence in the UK economy, a series of recent data releases show positive signs.
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Following weeks of turmoil and uncertainty, in which the pound sank against the euro and dollar, yesterday saw it regain lost ground. By the end of Monday trading, sterling was up more than 0.8% on both EUR and…
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A resurgent euro knocked GBP/EUR back to its lowest level since December 2023 last week. The figures don’t make pretty reading for anyone looking to buy euros: GBP/EUR fell by more than 2% in five days and has…
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The US dollar fell like a lead balloon to a three-year low against the euro on Friday. It didn’t fare much better against sterling, particularly when news of draining consumer confidence and tumbling PPI arrived. Combine that with…
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It’s hard to see how the ECB can craft cohesive monetary policy out of the chaos, but that is its task at Thursday’s meeting. Markets thought a 0.5% cut was on the cards just last week, before the…
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After a dizzying week, sterling clung onto the life-raft that was February’s GDP report. As we have said before, economic growth is so crucial to the pound’s success. This was a good start on a long journey to…
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Last week’s chaos saw the pound regain almost four cents against the US dollar but slip further against the euro. In fact, the euro was probably the world’s top performing currency over the five-day stretch, and GBP/EUR would…
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