The euro finally found something to grab on to on Wednesday, climbing by 0.4% against the pound and 0.25% against the US dollar.
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The US dollar had a mixed day, notching modest gains against the pound while finding itself fending off a belated euro fightback.
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It was all hearts and flowers for sterling yesterday when the employment and earnings data beat market expectations. In particular, British bosses continuing to pay salary increases of 6.2%, way above inflation, will have suggested to the Bank…
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The euro fell to its lowest level in half a year against the pound yesterday, continuing a miserable streak for the single currency. Battered and bruised, the euro then dipped by more than a cent against the US…
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The euro came under more pressure in Tuesday’s session, falling by around 1% against the pound and the US dollar.
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GBP/EUR reached its highest level since August 2023 on Tuesday. GBP/USD then fell after news of US inflation arrived.
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The spirit of “Fat Tuesday” spread beyond its Louisiana homeland to the US dollar market. It was a banner day for the dollar, which shot upwards as hotter than expected inflation figures came in. The dollar’s positive day…
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The latest Survey of Consumer Expectations from The Federal Reserve Bank of New York showed on Monday that the US consumers' one-year inflation expectation held steady at 3%.
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