In a hectic day for the markets, the pound dropped against the euro, dropped again, and then gradually recovered to end the day precisely where it began. There was a similarly pleasing symmetry to GBP/USD too but behind…
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The economic data has been flying in this week, not just in the UK but in the eurozone and USA too, and the currency markets have been reacting as we reach the end of the ‘interest rate raising…
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The dollar took the opposite direction to the euro, strengthening sharply in the day and then dissipating during the afternoon session.
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After something of a wobble midday it ended as a positive day for the single currency. This morning EUR/GBP has been boosted by the UK’s GDP data to its best level for exactly one month.
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Sterling’s losses against the euro continued yesterday, taking the loss to almost 1% over the week and its worst position for a month after the GDP data this morning. It’s been more patchy against the US dollar but…
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Sterling weakened against the euro and US dollar yesterday, following mixed economic reports from the UK and the eurozone. That has been exacerbated this morning, with bad news in the form of falling Gross Domestic Product (GDP) knocking…
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The US dollar had a poor day yesterday, sinking on the back of a surprise intervention from the People’s Bank of China which confirmed it will prevent ant “over-adjustment” risk in the yuan.
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The euro maintained its position against the US dollar yesterday, not straying far from the three-month low it hit on 7 September. Compared to this time last week, the euro is 0.35% lower against the US dollar and…
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