The euro lost under half a percent against the greenback and sterling in yesterday’s trading.
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The US dollar fell back slightly against other major currencies yesterday.
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The euro posted a solid day against both sterling and the US dollar yesterday.
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The pound continued last week’s gains against the dollar and losses against the euro in Monday’s session, hitting another new lowest point since last May.
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A muted day for currency markets saw the pound gain around 0.25% against the US dollar and fall by around the same amount versus the euro. This did, however, take GBP/EUR to another six-month low. The promise of…
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Market sentiment surrounding the Federal Reserve’s policy expectations kept the US dollar on the back foot last week. The dollar index hovered around its lowest levels in 11 weeks this morning as the Fed’s dovish sentiment added pressure…
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Today, BoE governor Andrew Bailey will speak at the Henry Plumb memorial lecture however, it’s unlikely he’ll shed light on monetary policy in his speech.
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In Germany, producer prices dropped 11% in October, in line with expectations and marking the fourth consecutive month of falling prices, largely due to a base effect from last year.
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