Last week was not so great for the pound, as it fell to its lowest point against the euro since May. Good news for anyone moving funds back to the UK, of course, so if you are in…
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The greenback continued its gains over sterling to over a cent above where it was to begin the week.
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The euro gained around 0.1% against the pound yesterday while treading water against the dollar.
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Sterling softened against both the US dollar and the euro yesterday ahead of the release of UK GDP figures along with a speech from Jerome Powell on the other side of the Atlantic.
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The pound posted modest losses of below a quarter per-cent against the US dollar and the euro yesterday, as markets braced themselves for underwhelming growth data. The UK’s GDP read for the quarter came in unchanged this morning,…
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Professional services firm PwC upgraded its forecasts for the UK economy, which it expects to grow 0.5% in GDP this year and next. PwC’s previous outlook, released in April, predicted 0.1% growth for 2023.
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Sterling made marginal losses yesterday against the US dollar but has regained some strength this morning. The euro also gained just over a quarter of a per cent against the US dollar yesterday and remains strong this morning.…
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The US dollar-to-pound rate is 0.2% lower than this time yesterday, taking its weekly losses to just under 1.0%. A cautious tone remains for US investors and Powell’s speech remains in focus.
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