Tuesday brought mixed fortunes for the pound as currency markets continued on a cautious note. Sterling strengthened by over half a cent against the US dollar but fell back to its weakest level this week against the euro.
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Another round of tense exchanges between the United States and Iran sent investors dashing towards shelter to start the week. In a predictable escalation that all but ended the fragile ceasefire, Donald Trump suggested he would force the…
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Sterling starts out 0.6% up on this time last week and double that up on a month ago against the euro. Against the US dollar the performance has been less positive, but overall the likelihood of a smooth…
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What a month it has been for sterling! Other than the US dollar, against which it has remained largely unchanged, the pound has gained between 1% and 2.5% against its major partners. The highlight, because it was so…
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The pound has quietly climbed to a three-week high against the dollar this morning and is sitting close to its best of the year against the euro. Yet this is less a story about sterling’s own strength than…
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It’s taken the best part of a month, but the pound has now all but recovered the ground it lost after the Makerfield by-election, the vote that ultimately cost Sir Keir Starmer his job. Against the euro, the…
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Sterling was little moved against US dollar but crept closer toward fresh 13-month highs over the euro to start the week.
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Having broken through its year-long resistance level against the euro on Wednesday, the question is whether sterling can hold onto that gain or will slip back. This is a relatively quiet week for data too, so with the…
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