Sterling dropped around half a percent against the euro and US dollar yesterday. The prompt was the rising belief among investors that the Bank of England is going to ease up slightly on its interest rate rises, with…
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Yesterday, the US dollar gained 1% against the Canadian dollar as CPI data reported a notable slowdown in Canadian inflation and has continued to strengthen this morning.
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In Germany, the unemployment rate fell to an unexpected 5.6% in July, lower than both market expectations of 5.7% and June’s 5.7%. However, the report found that excluding Ukrainian nationals, there would have been an increase in the…
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Sterling fell to a three-week low against the US dollar on Tuesday as economists digested economic data and stubbornly high inflation. It peaked at a 15-month high in mid-July before falling after UK inflation came in lower than…
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The pound lost 0.45% and 0.80% against the euro and US dollar yesterday as UK recession fears remain ahead of the Bank of England’s (BoE’s) interest rate decision tomorrow.
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It was a mixed day for the greenback yesterday with modest growth against the pound and euro but hefty losses against yesterday’s big winner the Australian dollar.
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Despite a generally positive set of data from the eurozone, the single currency lost to most major rivals yesterday, including by over 1% against the Australian dollar.
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Sterling ended the day largely unchanged, despite an interesting afternoon where competing data sent it one way then another against the euro. This morning so far has been positive for GBP/EUR.
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