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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JOLTs job openings caused the US dollar to stumble last week, but renewed stress in the Middle East has helped it regain much of the ground it ceded to rivals on Friday.
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The eurozone’s economic data schedule is light this week, which could allow the euro to build on its recent fightback.
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Sterling continues to struggle under the impression that the BoE will be quicker to loosen interest rates than the Federal Reserve. That may be a hard thing to shake, particularly as the excitement over recent US labour statistics…
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Sterling got off to a rather subdued start to this shortened week, the result of geopolitical anxiety and the Bank of England’s (BoE) upcoming interest rate decision.
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And just like that, the US labour market came tumbling back to earth. Adding 175k jobs in a month is not to be sniffed at, but there are finally signs that higher interest rates are beginning to be…
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The euro ended last week up against the pound and the US dollar. EUR/USD was particularly strong, climbing to its highest level since Easter.
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It’s a crunch week for the pound as both the BoE’s interest rate decision and GDP statistics represent stumbling blocks to recent progress.
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