The pound has recovered some strength against the euro this morning following losses in the tail end of last week. The rate is currently slightly ahead of where it began last Monday.
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Sterling has been strengthening this morning and starts the week slightly ahead of where it began last week against the euro. Over the month, the pound remains some 3% down against the US dollar but only a fraction…
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The dollar strengthened by around 0.5% across the board yesterday, with inflation taking the headlines. While CPI inflation is at 3.2%, accelerating from June’s 3%, core inflation fell to 4.7%. Moderating underlying price pressures are positive signs, and…
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The single currency gained against all but the US dollar yesterday, in a relatively quiet day for data.
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The pound has bounced a little higher this morning following better-than-expected GDP data. However, it is still 0.5% down on the week compared to the US dollar and around half that amount down against the euro.
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The British economy grew by 0.5% in June, taking the quarterly figure for April to June to 0.2%. The pound responded immediately, but only strengthening by around 0.1% to 0.2% against the euro and US dollar and it…
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The US dollar maintained its strength against the Japanese yen yesterday, marking three days of consecutive advances, despite falling US treasury bond yields and uncertainty surrounding the Federal Reserve’s policy.
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After making marginal advances against the US dollar this week, the euro clings to the hope that this afternoon’s US CPI inflation release will come in ahead of expectations and extend euro-dollar support.
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