Sterling lost a little of its recent strength against the euro at the end of last week, as fears over the UK economy and a US government shut down worried the markets. Today’s GDP downward revision will have…
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Sterling fell sharply from recent highs against the euro at the end of last week, and to the lowest level against the US dollar since the spring. The obvious cause was a lower-than-expected result for Retail Sales in…
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A remarkable week for the US dollar has seen it strengthen against every other major currency by as much as almost 3%. One of the smaller gains – just 1% – was against sterling. This afternoon we will…
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It has been a mixed week for the single currency, with strong gains against the Norwegian krone and antipodean dollars but further losses (1.3%) against the US dollar. There is very little data coming out of Europe today…
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Sterling weakened by around 1% against the US dollar yesterday and a little less against the euro. However, for GBP/EUR this was after briefly hitting a new post-Brexit high. After a heavy week of data this week, that…
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The interest rate decision from the Bank of England (BoE) yesterday sent the pound in two different directions. Before the vote by the nine members of the BoE’s Monetary Policy Committee (MPC) GBP/EUR strengthened to its best for…
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The US dollar has been boosted by many different factors this year but the one that keeps coming back is economic growth. Once again, the American economy showed its dynamism on the housebuilding front. Today’s GDP release is…
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Few major currencies will be happier to see the back of 2024 than the euro. A bruising year ends with another protracted spell of weakness and a few last data reports to navigate.
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