Sterling moved up against the US dollar and yen yesterday while slipping marginally against the euro.
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Sterling bobbed and weaved and ultimately ended up where it started yesterday in what looks like being a quiet week for data. It’s a purchasing managers’ index (PMI) heavy week, with readings across Europe and the US, and…
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It’s been a mixed period for the US dollar, as the markets weigh up whether the Fed’s pausing of interest rate increases last month was temporary or an end.
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The single currency has taken a bit of a dive this morning, weakening by up to 0.5% against most major rivals.
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It has been a distinctly choppy period for the pound, with sharp rises and falls. However, GBP/EUR remains close to the 10-month high it reached in June and GBP/USD to the 15-month high.
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Sterling made some recovery in the latter part of last week and is showing a positive green across the graphs against all major competitors. This is a quietish week for UK data, but in the US it is…
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After fluctuating quite a bit last week against the euro, the pound heads into July in a similar place to this time last Monday and 0.34% up on the month. Against the US dollar, the pound’s performance has…
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US personal spending edged up just 0.1% in May to economists’ surprise. Markets expected a 0.2% increase in May. The main contributors to the decrease were spending on motor vehicles, parts and gasoline products.
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