It was a relatively positive day for the pound yesterday, bouncing back against the US dollar but treading water against the euro. We’re still around 3% up on both USD and EUR compared to this time last year,…
Read more
›
New orders for manufactured goods in the US rose by 1.4% in February to €576.8 billion. This was above market expectations of a 1% increase and points to further resilience for the economy.
Read more
›
The euro gained 0.3% against the US dollar yesterday following signs of expansion in HCOB manufacturing PMI results yesterday. The sector saw expansions in the euro area, Germany, France and Italy for March, while Spain contracted slightly, falling…
Read more
›
Sentiment regarding both the Federal Reserve and Bank of England rate cuts remain weak as the prospect of higher interest rates for longer weighs on the currency pairing.
Read more
›
The pound made marginal gains against the US dollar yesterday as the US dollar failed to build on Monday’s position.
Read more
›
For anyone who hasn’t glanced at exchange rates since before the Easter weekend, sterling is relatively unchanged against the euro but starts the working week more than half a cent down on the US dollar. That is not…
Read more
›
Sterling weakened over the course of Monday, especially against the US dollar, losing over 0.6%. Today we are getting data on the UK housing market from the Nationwide, and also on mortgage approvals. There isn’t a huge amount…
Read more
›
It was negative almost across the board yesterday for the single currency, one of the few bright spots being for EUR/GBP. We will shortly get a reading for inflation in Germany, and tomorrow for across the eurozone.
Read more
›
