It was a positive start to the week for the euro, gaining against most major currencies despite its largest economy – Germany – having the worst economic performance last year in the G7. There has been a downturn…
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There was little movement for sterling again yesterday, but a sharp drop against the US dollar overnight. This morning’s unemployment and earnings data will be joined by inflation tomorrow morning, with a modest drop to 3.8% (from 3.9%)…
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Sterling enjoyed a day of stability yesterday, continuing the theme of recent weeks, with marginal losses against USD and EUR in a quiet day of trading with the US enjoying a public holiday. However, overnight the pound has…
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Sterling bumped up to its strongest level against the euro for five weeks over the weekend, having held on to the gains it made in late December. It is currently around 2% stronger than the average of the…
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Analysts don’t know whether they’re coming or going with US inflation right now, and its immediate effect on interest rate expectations. While comments from several members of the FOMC, the Federal Reserve’s interest-rate setting committee poured cold water…
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The single currency has been treading water against the US dollar since the start of the year, while the last week saw modest gains against most major currencies. We will shortly hear how the bloc’s largest economy performed…
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Sterling starts in a strong position this week, the best performing major currency so far in 2024 and close to multiweek highs against the euro and US dollar.
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Sterling is currently trading close to its highest level against the euro and US dollar since the early autumn, 2% to 3% stronger than the average for GBP/EUR and GBP/USD over the past year. We’re in a busy…
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