Over the course of Friday, sterling lost half a cent against the euro and the US dollar. This took GBP/USD to a 1% loss over the week and a new three-month low, and GBP/EUR close to its lowest…
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The dollar had a positive day against the pound and euro, while slipping back against the Canadian and Australian dollars.
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The single currency had a singularly bad day, weakening around 1% against most of the dollars, as the markets accepted that record interest rates have reached their limit and may even decline.
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Over the course of the day, sterling lost around 1% to the Canadian and Australian dollars and 0.6% against the yen and US dollar. However, it strengthened marginally against the euro, as the markets came to the conclusion…
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It was day of mixed fortunes for sterling yesterday, a small rise against the euro and a sharp fall against most other currencies. The reason for its successful afternoon session against the euro was not so much the…
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The dollar bounded out of the traps when the US markets opened today, in reaction to a small rise in inflation. However, it was pegged back by the core inflation data suggesting that the battle is still going…
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The single currency was unable to be pinned down yesterday, with modest rises against the Scandinavian currencies but weaker against the various dollars.
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The pound remained level overall yesterday, but there is no disguising that it’s been on a negative run, losing between 0.7 and 0.9% in the past week against the Aussie, NZ and Canadian dollars and a little less…
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