It was a broadly positive day for the single currency yesterday, strengthening against the yen and US dollar and ending slightly up on sterling. Several European Central Bank rate setters will be talking today.
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Sterling reaches the end of the week where it started against USD but 0.5% down against EUR. The high-level data continues next week, with unemployment and earnings on Tuesday. Watch out, too, for comments from Bank of England…
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After a busy day for the markets, sterling ended yesterday’s evening session slightly up on the US dollar but ultimately going nowhere against the euro despite all the noise. However, this morning the pound has edged upwards on…
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A rare quiet week for US data has allowed the US dollar to fly slightly under the radar. That is rarely possible, but a slight drop in risk appetite has attracted attention to the dollar all the while.
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There was a time this year when the euro struggled on a weekly basis. That period thankfully seems to be behind it, with the single currency now able to fight off interest rate speculation with minimal effect.
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The pound has come under pressure this week with the UK economy firmly in the line of fire. For sterling, much will depend on the reaction to the Bank of England’s press conference and the GDP figures that…
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The time of reckoning is upon the pound, as it must now navigate both the Bank of England’s interest rate decision today and Friday’s GDP figures before reaching the relative safety of the weekend.
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The pound slipped yesterday, dropping to its weakest position for two weeks against the euro, to levels rarely seen this year against the euro and US dollar. That has continued this morning. The Financial Times blames it on…
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