Investors all over will be keeping a close eye on the latest yearly figures, which are due on Tuesday. In the previous data release, retail sales in the UK rose 5.2 per cent.
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Sterling enters the week stronger against a few of its rivals, such as the Swiss franc and Japanese yen. The pound also maintains last week’s fresh gains against the euro.
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This morning sterling is remaining close to the heights it reached against the euro at the end of last week. That is its strongest since the start of 2023 and not a million miles away from its highest…
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The US dollar declined across the board yesterday, by as much as 1.5% against commodity-based currencies like the Australian and Canadian dollars and 0.8% against the euro and sterling.
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Despite a spectacular loss yesterday morning, the euro actually ended the day up on sterling yesterday, as well as markedly up on the US dollar – close to 1%.
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The pound’s roughly 1.3% surge against the euro this week takes it to more than 2.5% stronger. It is all predicated on inflation data showing that the Bank of England must continue raising interest rates to beat inflation…
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Sterling continued to break new records for 2023 against the euro yesterday, although it ended the day unchanged overall. Against the US dollar it managed to hold onto its gains and ended the day close to 1% up.…
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Yesterday afternoon economists saw the number of job vacancies in the United States unexpectedly jump by 358,000, hitting 10.1 million in April 2023.
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