After significant losses against USD and EUR following UK government debt costs reaching a new high, GBP stabilised on Thursday. Next week we will see the first high-level data of the year from the UK, with inflation on…
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Following a disastrous Wednesday for the pound, which saw the currency hit a 14-month low against the dollar, GBP began to rally as market turmoil eased. The dollar continues to lead on both sterling and the euro. The…
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Aside from against the pound, the US dollar moved little against its rivals yesterday ahead of a busy few days. After FOMC minutes, the US dollar will now look ahead to non-farm payrolls and unemployment for fresh direction.
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A quieter day for the euro allowed to gain sizeable ground on the pound. GBP/EUR finished Wednesday at its lowest level in almost two months – a remarkable turnaround given the euro’s recent struggles.
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Panic spread through gilt markets yesterday. Sterling was the main loser, yet the latest bout of instability evokes uneasy memories of years gone by. Given how quickly sentiment can turn, many in the UK will be hoping it…
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A sell-off in UK gilts (government debt) caused the pound to fall sharply against its main rivals yesterday. The yield on a gilt with a ten-year maturity rose to its highest level since 2008, raising concerns that government…
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Unexpectedly strong US jobs data saw the dollar gain again on the pound and the euro. Meanwhile, poor UK industrial data saw GPB slip against EUR before recovering in the afternoon.
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Higher than forecast job openings in the US have bolstered USD, seeing it rise against GBP and EUR. Though, Fed minutes published later today could introduce volatility to the market.
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