by Julian Benson | Oct 16, 2024
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. Compared to forecasts of 1.9%, this inflation decline is welcomed by economists as it is now below the Bank of England’s 2%...
read more
by Christopher Nye | Oct 15, 2024
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 rates is the...
read more
by Christopher Nye | Oct 15, 2024
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 all roads lead to the ECB...
read more
by Christopher Nye | Oct 15, 2024
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 and the likely knock-on effect of this for...
read more
by Christopher Nye | Oct 15, 2024
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, on the news that unemployment has fallen to 4%. While...
read more
