This morning sterling has hit its highest rate against the euro for nearly a year. Whether this is down to any inherent strength in the pound, or just weakness in the euro, will be a moot point for…
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The British government transferred a record £14.3 bn to the Bank of England last month as interest rate hikes burdened the Treasury with heavy losses from quantitative easing.
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The pound continued to climb yesterday, gaining close to 0.3% against the euro as UK borrowing came in lower than forecast.
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The dollar slipped against the pound, euro and Chinese yuan yesterday, with the only real gain being against the yen.
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It was an unspectacularly positive day for the single currency, strengthening against almost all of its major rivals, including close to 1% against the yen and just a fraction against the pound.
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The pound stabilised yesterday against major currencies, in a quiet day for data.
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It was another positive day for the pound yesterday, remaining stable against the US dollar and euro, and gaining against the Japanese yen. This morning sterling has strengthened again. Then were no data releases of note yesterday, at…
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It’s a quiet one for US data this week however, on Thursday US durable goods order figures are expected to reflect a 0.5% increase in July, from a 4.7% jump in June.
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