Continuing the theme of the week, there was little movement for the world’s biggest currency yesterday, with minor losses almost all round. Next week we’ll hear inflation data, and no doubt the continued arguments over the main presidential…
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There has been little movement for the single currency since the start of February, at least against USD and EUR. The big event of the next week is the ZEW Economic Sentiment Index for the eurozone as a…
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A relatively quiet day for sterling yesterday, with the only serious movement a drop of 0.5% to the New Zealand dollar. However, this is the calm ahead of a big round of data releases next week, starting with…
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Sterling continued its balancing act against the euro yesterday, extending its highest, longest run, close to an 18-month high where it has been since the end of January. Against the US dollar it also remains well above the…
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Despite a lack of high-level economic data released yesterday, the pound continued to strengthen against the euro. Sterling is currently 0.67% higher than this time last month and over 4% higher than this time last year.
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Economists recognised the pound as the best-performing G10 currency in January which gained 1.6% against the euro over the month.
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Said executive board member of the ECB, Isabel Schnabel.
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Speaking to Reuters, Federal Reserve governor Adriana Kugler said, they “remain focused on Fed’s inflation goal until confident inflation is returning durably to 2% target."
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