The pound and euro both stumbled to their weakest in two months in the face of a resurgent US dollar yesterday. Interest rates and inflation have continued to dictate proceedings this week, but the eyes of the world…
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A more positive tone swept through currency markets on Monday, the gathering of several of the key players in the Middle East conflict at the UN General Assembly raising hopes that a deal (or perhaps a string of…
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Currency markets begin the week with a fairly clear pecking order. The US dollar has the upper hand, having strengthened by more than 1.5% against both sterling and the euro over the past week. The pound and euro,…
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Sterling lost some ground to both the euro and US dollar yesterday after the Bank of England (BoE) held its interest rate, despite rising inflation, oil still being above $100 per barrel and, we hear this morning, a…
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The Federal Reserve raised interest rates last night for the first time in three years. All twelve policymakers backed it, despite weeks of the president demanding the opposite, and Kevin Warsh then spent his press conference hinting he…
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Surging fuel costs pushed UK inflation up to 3.1% in August, the highest level in five months. Core inflation, which does not include more volatile goods such as food and petrol, was unchanged at 2.6%, indicating domestic price…
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The pound had a mixed Monday, strengthening slightly against the euro but shedding half a cent to the US dollar and moving close to its weakest since the start of August.
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Britain’s economy delivered good news on Friday, especially for GBP/EUR. GDP grew by 0.4% in July, comfortably beating forecasts for no growth and extending June’s expansion. The UK also recorded the fastest growth in the G7 over the…
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