Sterling started the day up on the dollar and the euro, following days of significant market volatility. Though how The Fed’s decision this afternoon will impact the currency is unclear.
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Pound becomes unlikely winner out of the tumult
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It was a bruising start to the day for the dollar. Large selloffs in the tech-focused Nasdaq stock exchange saw the dollar lose value against the pound and euro, though it claimed back its losses by the end…
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Despite making significant gains on the dollar in the early hours of Monday trading, sterling’s position remained largely unchanged against the USD and EUR by the of the day. With no major UK data due to be published…
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Despite the tech selloffs in the US, the euro lost ground against the dollar and pound by day’s end. No doubt the market wasn’t helped by the German Ifo Business Climate index indicating stagnation in the German economy.
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The bombshell tech losses on the US stock exchange saw the dollar tumble in the early hours of Monday’s trading, though the currency recovered by day’s end as stock traders moved their money to safer bets. Today we…
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Sterling enjoyed a strong end to last week, climbing by 1% against the US dollar over the course of Friday. EUR/USD rose to its highest level this year as GBP/EUR strengthened slightly in a more balanced session.
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Falling services PMI helped European currencies advance at the expense of the US dollar on Friday. After a prolonged spell of strength, last week ended with a more balanced tone than the giddy mania that has been pervasive…
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