The US dollar shed some value against the pound and the euro in the pre-Christmas session.
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The euro gained on its major rivals last week, as GDP figures disappointed on both sides of the Atlantic.
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GBP/EUR dipped by around 0.75% last week, while sterling rose slightly against a weakened dollar.
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The pound ended the last week before Christmas about seven tenths of a per cent down against the euro and 0.4% up against the US dollar. The US dollar saw a mild sell-off, as markets were happy to…
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Steep falls across the board yesterday for the dollar as the US economy appeared to be slowing down.
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The single currency strengthened against the pound and US dollar yesterday, although the gains were fairly modest.
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Sterling fell against just about all but the US dollar yesterday, taking it close to 2% down on the week compared to the various non-US dollars and Scandinavian currencies.
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Sterling fell against most major currencies yesterday, with the notable exception of the US dollar, which itself dropped across the board following a disappointing final reading for US Gross Domestic Product (GDP). The US economy grew by an…
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