Following its steep climb last week, sterling has taken off again this morning against the euro, albeit in a much less dramatic fashion. The prompt has probably been the Purchasing Managers’ Index (PMI) yesterday, which was upgraded to…
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The US dollar continued to benefit from its perception as a safe-haven, posting gains against the pound and the euro in yesterday’s session.
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GBP/EUR continued to bob along near its highest level in months, although the pound lost some value to the US dollar.
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EUR/GBP treaded water (albeit at high levels) yesterday, while the euro slid by around 0.5% against a resurgent US dollar.
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GBP/EUR continued to trade in and around multi-month highs yesterday, although both currencies had a tougher time of it against the US dollar.
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It was a positive day for the dollar, with strong gains against all major rivals, including around half a percent against the pound, euro and yen.
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The euro lost out to all of its major rivals except for a (very small) gain on sterling yesterday.
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The pound’s resurgence was stopped in its tracks yesterday, in a quiet day for data, while GBP/USD could best be described as choppy.
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