The new week finds sterling holding on to most of the gains it has made on the euro over the past three weeks, leaving it still close to its three-month high. Against the US dollar too, the pound…
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The dollar fell against most other currencies, but apart from against the yen it has been a somewhat tepid week.
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The single currency had a broadly positive day, while also losing heavily to a stronger yen.
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The pound weakened marginally against most currencies yesterday and majorly against the Japanese yen.
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Yesterday sterling gained against the US dollar and lost against the euro. While that ultimately ended in little change overall over the week, GBP/EUR remains close to a three-month high. There was a large loss against the Japanese…
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Yesterday, all three major US stocks, the Nasdaq, S&P 500 and the Dow Jones pared gains to flatline as energy shares dropped as oil prices slipped by 3% following concerns surrounding supply.
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Tomorrow morning, (7am UK time) German inflation figures will be released. Economists forecast the annual rate to fall from 3.8% to 3.2%, while the monthly rate is expected to lose 0.4%.
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Kim Kinnard, director at Halifax Mortgages said, “The resilience seen in house prices during 2023 continues to be underpinned by a shortage of properties available, rather than any significant strengthening of buyer demand.”
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