Sterling rose steadily on Tuesday against its transatlantic rival, as for once it was the US dollar’s turn to occupy the hot seat.
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It was noteworthy how muted the reaction was to US manufacturing PMI data. Despite the miss, the US dollar didn’t let it stand in the way of an afternoon comeback, highlighting the power of safe-haven dynamics.
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German inflation is one of Europe’s key economic touchpoints, so news that it was down across almost all sectors was a boost for its economy. Services inflation stabilised, while reductions in the cost of goods and energy helped…
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The pound fell to its lowest level in three weeks against the euro yesterday. That was the result of continuing dynamics in markets, as well as a tentatively positive reaction to the first round of the French elections.
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Sterling and the euro both struggled to gain any traction against the US dollar yesterday. Despite underwhelming data from across the Atlantic, the US dollar capitalised on a stormy market mood to claw back early-morning European gains.
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The euro recovered this morning, gaining around 0.3% against most major currencies following the result of the first round of the French election. It takes GBP/EUR down around 1% from its near-two-year high of mid-June. You may be…
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The pound continued its losing streak against the US dollar on Friday, falling to a six-week low. Sterling investors look to Thursday’s UK general election for direction.
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American stocks extended their gains on Friday, with the S&P 500 soaring to an all-time high of 5500. The Nasdaq 100 reached a record level of 19,980 and the Dow Jones added over 220 points. This movement was…
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