Germany ZEW report gave the euro a nice boost on Tuesday. The positive news will have been as good for morale as it was for fundamental analysis, particularly ahead of Thursday’s interest rate drama.
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With unemployment falling, it took a smaller piece of the jobs report to support sterling. The number of people employed in the UK rose to 373k in the three months to August, well clear of the forecast 250k.
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This morning, the pound lost 0.4% against the euro following the news that UK inflation fell to 1.7% in September, the lowest since April 2021.
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The US dollar gained against almost all currencies yesterday, although the smallest gain was against sterling. It’s a quiet period for data, with only retail sales on Thursday to really interest the markets. However, more influential for exchange…
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It was game of two halves for the single currency yesterday, with 0.25% growth against the yen and Aussie dollar, double that against the Norwegian krone and Swiss France, but (small) losses elsewhere, particularly against sterling. This week…
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GBP/EUR has gained another 0.25% against the euro in the past 24 hours, returning very close to its recent 2½ year best and 4% stronger than last year. The prompt for this morning’s strength has been falling unemployment…
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It was a positive start to the week for sterling yesterday, with a modest rise against the euro, but more impressive 0.5% or so against the CHF, NOK and yuan. This morning GBP/EUR has advanced a little further,…
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Two disappointing data release back to back on Friday would usually have spelled a late-week collapse for the US dollar. It is a sign of how big an impact safe-haven dynamics are having that the US dollar saw…
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