Sterling found some traction yesterday afternoon, which provided some badly needed respite in the face of unfavourable market conditions. GBP/EUR and GBP/USD were both little changed over the course of the day, representing a pretty good outcome after…
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Stress in the UK bond market sent the pound tumbling against its rivals last week. By Friday afternoon, GBP/EUR had fallen to its lowest level in more than two months, while GBP/USD lost a whopping three cents over…
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The US dollar made a strong finish to last week as figures from the job market pointed to strong economic fundamentals. The economy continued to create jobs at a rapid pace, while unemployment fell below forecasts to 4.1%.
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The euro is benefitting directly from the ongoing bond saga in the UK. GBP/EUR is almost two cents below where it began the year and could fall further unless the government are able to steady the ship.
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The past week is a perfect demonstration of how quickly currencies can rise and fall seemingly out of nowhere. GBP/EUR and GBP/USD dropped by 1.5% last week – losses not quite on the scale of previous market panics…
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Stress in the UK bond market sent the pound tumbling against its rivals last week. By Friday afternoon, GBP/EUR had fallen to its lowest level in more than two months, while GBP/USD lost a whopping three cents over…
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The dollar lost some of the gains it made on the pound earlier this week but held steady against the euro. Following better-than-forecast jobs data earlier this week, the dollar has potential to upset predictions again with unemployment…
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The euro made small losses against the dollar and only partially fended off the pound, losing a fifth of the gains it made on Wednesday. Weak retail sales put it in a poor position ahead of US employment…
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