It was a good week for sterling, which ticked up against both the euro and the US dollar.
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The euro recorded marginal losses against the US dollar and a 0.6% dip against the pound in last week’s trading.
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The US dollar lost around 0.5% to the pound last week, while USD/EUR advanced by a quarter of a per cent.
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Sterling finished Friday on a high, gaining around half a per cent against the US dollar and slightly more than that against the euro over the course of the week.
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A mixed day for the dollar ended positively overall against major rivals.
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The single currency slid across the board yesterday following the hold of interest rates and downbeat assessment from Christine Lagarde.
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The pound has gained around a third of a cent against the euro since this time yesterday, while drifting downwards against most other major currencies.
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Sterling came within a whisker of its best level since the summer of 2022 yesterday against the euro, while remaining close to its strongest against the US dollar since last summer. The impetus for GBP/EUR’s strength came from…
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