After a lively start to the week, sterling ended the day slightly up on the euro and US dollar and 1.5% stronger against the Chinese yuan.
Read more
›
The pound’s long slow recovery against the euro continued yesterday, reaching a three-week high, while a drop against the US dollar mid-morning righted itself by the end of the day. There were no major data releases yesterday, or…
Read more
›
US stocks rallied on Friday afternoon as fresh jobs data boosted key stocks including The Dow Jones, which gained 400 points, The S&P 500 gained 1.4% and the Nasdaq rose 1.7%.
Read more
›
This week is relatively quiet for the euro zone, however as conflicts in the Middle East continue and investors seek a safe haven in the US dollar, economists will be watching the EUR/USD exchange rate closely.
Read more
›
Early on Thursday morning, economists expect the monthly UK GDP figures to show a 0.1% growth rate, following a 0.5% decline in July 2023, the biggest decline so far this year.
Read more
›
On Friday, US non-farm payrolls surpassed market expectations of 170,000 in September with a reading of 336,000. This result gave the Federal Reserve enough fuel to keep interest rates higher for longer.
Read more
›
The pound starts the week close to where it started out last week against the euro and US dollar. That is still around 10% up on last year against the dollar and a little up on the euro,…
Read more
›
After strengthening early yesterday the dollar weakened against the euro and sterling over the course of the day, taking USD/GBP close to 1% down from its peak on Wednesday.
Read more
›