The pound soared to its highest level against the euro since September yesterday, boosted by a broader rally in market confidence. Both sterling and the euro lost value to the US dollar, however, which fought back after a…
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The European Central Bank is expected to stick to the status quo tomorrow by holding interest rates at 4.5%.
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Ahead of the ECB announcement, the pound edged up close to one-fifth of a per cent against the euro.
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The US dollar started the week on the back foot due to a lack of market-moving data.
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The US dollar fluctuated by just under half a cent against the pound yesterday in the absence of higher-tier data releases, ending the day marginally down.
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Sterling has managed to get through the sniper’s alley of high-level data releases unscathed and, indeed, close to its highest level for the past year. It is currently just 0.8% down on its best rate of the past…
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The US dollar had a solid week, notching notable gains against the pound and the euro.
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The euro shed about a quarter of a per cent against the pound while EUR/USD dipped by around half a per cent last week.
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