The consumer price inflation for June 2023 is due to be released on Wednesday morning. Economists forecast a decline from May’s 8.7% to 8.3%. Should this go as planned, it suggests the Bank of England’s interest rate hikes…
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After soaring to a 15-month high against the US dollar last week, the pound continued its ascent on Friday afternoon. The GBP/USD rate is currently up 2% on the month and over 10% since this time last year.
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Sterling starts the week still strong against the US dollar, after reaching its highest point for over a year last week. Against the euro it has slipped back again from last week, but remains well above the average…
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Big losses continued for the US dollar yesterday, the largest of which were 1.4% against the Australian dollar and 1.1% against sterling.
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Like other currencies, the euro had a strong day against the US dollar yesterday, strengthening by 0.75% by the end of the day. It weakened, however, against the pound and continues to bobble around close to an 11-month…
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Sterling continued its near-constant 10-month rise against the US dollar yesterday, boosted by the news that America’s tightening monetary policy appears to be working considerably better than the UK’s. So far this morning the pound has fallen back,…
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Sterling gained around 1% against the US dollar yesterday, hitting its highest level since March 2022 and 5% above its average over the past five years. There were similar gains against other major rivals but against the euro…
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The pound struggled to maintain Tuesday’s strength against the euro yesterday as it plummeted close to 0.75%. It was a different story for the pound-to-US-dollar rate, however, as sterling gained a further 0.73% on Wednesday, surpassing Tuesday’s 15-month…
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