Sterling’s ascent against the US dollar is put it within touching distance of its highest level this year. The pound has now recovered by almost three cents from where it was just a few weeks ago.
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Currency markets made a tentative start to the week, as focus remains drawn to political events and the Federal Reserve. Despite the lack of action, sterling clung onto recent gains over the euro and continued to make up…
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Steady UK retail sales data supported the pound on Friday, giving it the boost it needed against the euro to recover from early August lows. This morning, the pound has made marginal losses but remains 0.4% up since…
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The Federal Reserve will likely be the big talking point for the US dollar this week. Will Jerome Powell and co drop any interesting hints as to their plans in Jackson Hole? Even if they don’t, the US…
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The euro has basked in the serene glow of a relatively clear schedule recently. This week provides a bit more jeopardy, with PMI figures arriving that could threaten its recent platform.
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Ahead of a key stretch of data, sterling could have had a seriously damaging week last time out. Instead, the UK’s economy delivered on pretty much all counts, sending the pound to mulit-week highs against the euro and…
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Sterling navigated a landmine of economic data last week to emerge stronger on the other side. The pound climbed by 0.5% against the euro while also rallying to the tune of one cent against the US dollar over…
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July’s retail sales figures could not have come at a better time for the US dollar. As Americans celebrated Independence Day, sales at motor vehicle and parts dealers increased by almost 4% - a fillip for Kamala Harris,…
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