It was the quietest of days for the US dollar, likely to be the calm before the storm with the interest rate decision tomorrow.
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A broadly positive day for the single currency yesterday saw growth against the pound and Norwegian krone in particular.
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With losses mounting up for sterling, the next 48 hours or so will be critical.
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Sterling lost against most major currencies yesterday, although by less than a third of a cent against the euro and barely at all against the US dollar. However, the cumulative effect is that GBP/USD is securely at its…
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It’s a big week for exchange rates, as the Bank of England (BoE) and US Federal Reserve follow the European Central Bank last week with a decision on interest rates. Since all three central banks started seriously raising…
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After gaining over 1% against sterling last week and 0.6% against the euro, there has been little movement so far this morning for the US dollar.
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The euro gained slightly on the pound last week, but lost around 0.5% against the US dollar.
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The pound ended last week moving down, and while that has not continued so far this morning It could be a volatile week.
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