by Christopher Nye | Feb 10, 2026
When you can see a mixture of green and red on the board, a currency is in reactive mode, and that’s been the euro in recent days. The steadiness of the ECB’s interest rate policy is allowing the single currency to stand still while some gain on it (sterling, the yen...
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by Christopher Nye | Feb 10, 2026
Against the US dollar, sterling has gained half a cent since yesterday. Against the euro, the pound has also recovered some composure, although it is close to 1% down on last week. Following the BRC’s good news for shopkeepers overnight, the next major data event is...
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by Charles Purdy | Feb 10, 2026
With no meaningful data from either side of the Channel, yesterday the markets focused on the likelihood of an attempt to replace the prime minister. Along with the cost of borrowing, measured by bond yields, the pound-euro rate ebbed and flowed through the day as the...
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by Charles Purdy | Feb 9, 2026
Anyone who made a trade from pounds to euros or US dollars, or locked in the rate, last Wednesday will have been feeling pretty smug by Thursday afternoon. Sterling’s interesting start to February saw it hit a near five-year high on the US dollar and six-month high...
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by Charles Purdy | Feb 9, 2026
Sterling’s interesting start to February saw it hit a near five-year high on the US dollar and six-month high against the euro on Wednesday. It then drifted by some 2% against USD and just over 1% against EUR. The pound’s sudden fall was caused by two things. Firstly,...
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