The pound soared to a three-year high against the Australian dollar yesterday and remains just shy of that mark this morning. However, economists believe the British economy and an interest rate hike from the Bank of England in…
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Sterling had a mixed start to the working week, with small gains against the US dollar and slightly larger losses against the euro.
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The US dollar has weakened slightly against the euro, pound and Australian dollar since the weekend. Yesterday was a quiet day for data but today we get the first of the main employment readings with JOLTS job openings…
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The single currency has remained steady over the last day or two, strengthening slightly against the Japanese yen and Canadian dollar. This morning it has started to slide in early trading.
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There has been no clear direction for sterling so far this week and it is a quiet week for data. So far so good this morning, however.
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Sterling barely moved over the Bank Holiday weekend and starts the working week around 0.5% down on the week against the euro and over 1% down on the US dollar. However, last week’s declines have not been repeated…
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The dollar’s positive week and month continued yesterday, with 0.30% to 1.30% rises against the next few most-traded currencies in the past week.
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The single currency has gained in a fairly minor way on the pound, Norwegian krone and Swiss franc this week, but more generally it’s been a week of losses.
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