Sterling hit another impressive milestone on Tuesday as it reached its highest level over the euro in almost three years. This came as markets hardened their view that the European Central Bank (ECB) would cut interest rates by…
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The US dollar has been flying high of late and is yet to experience a real data setback after the election. Could November’s inflation report provide that? It’s always possible, although economists are predicting the figures to fall…
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Fretful euro investors have been asking themselves if the euro could fall further this week. The generous interpretation is that an interest rate cut to 3% has now been baked into the price, yet there is a nagging…
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Since the second week of August, GBP/EUR has climbed by around five months. That means that, on average, sterling has strengthened by a cent every month. Such a performance is mightily impressive but it raises questions over whether…
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A sleepy sort of day on the exchanges saw the US dollar barely move the dials. However, that may all change tomorrow with the inflation data and a small rise expected.
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There was little movement for the euro yesterday too, as the markets await the interest rate decision. We have just heard confirmation of German inflation at 2.2%, but the big event will of course be the interest rate…
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The pound gains almost across the board yesterday on a day when there was little data to consider. There isn’t a great deal today or tomorrow either, but things do perk up at the end of the week.
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Sterling enjoyed a positive start to the week, the only red in a sea of green being a 0.65% drop against a bouncing back Australian dollar. There were modest gains against the euro, US dollar and Swiss franc.
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