Sterling recorded another quiet day yesterday, with little on the wires to disturb the markets. This morning’s house price data looks positive, but is already being undercut by mortgage rates starting to be raised again, in the absence…
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The pound gained a little against the euro and lost a little against the US dollar yesterday, as the quiet period for sterling continued. There were bigger losses against the Japanese yen (with sterling down 0.75% yesterday, although…
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Sterling has spent this week drifting for the most part. There hasn’t been much data to boost or dent the pound, while next week’s budget continues to occupy the thoughts of many.
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The euro has found some respite in recent weeks, stabilising and even advancing slightly against its major rivals. A slew of inflation data from today threatens this fragile situation, as does next week’s interest rate decision from the…
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Despite increasing by more than estimates (1.7%) the US Personal Cosumption Expenditure (PCE) index, which tracks the weighted cost of living for US households, increased by just 1.8% in the fourth quarter of 2023, the weakest growth since…
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Sterling lost around 0.15% to the euro on Wednesday while recovering to finish the day unchanged against the US dollar. EUR/USD also mounted an afternoon fightback after the release of US data.
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The pound is reaching the end of the month nearly 3% stronger against the euro than the start of the month, but just a little down on the US dollar. Looking at the annual picture, however, GBP/EUR is…
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The pound traded blows with the euro and the US dollar yesterday but ended what was a skittish session almost unchanged against both. After surging in the morning, EUR/USD also fall back to around parity in the afternoon’s…
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