Sterling has climbed to its strongest position against the euro this year, in a big week for the pound, with an interest rate decision on Thursday. It is similarly strong against the US dollar and 1% up on…
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It was a poor day for the dollar generally yesterday, except against the euro where the greenback gained around 0.50% yesterday (which has been somewhat corrected this morning).
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The euro suffered yesterday, losing as much as 1% or more against the Australian and Canadian dollars and by around 0.50% against the USD and GBP.
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A positive week for sterling has seen it strengthening to an 11-month high against the US dollar and close to multi-month highs against the euro. There were small gains against the yen and NOK, while weakening against other…
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A frantic week for data and monetary policymaking reaches its final day with the pound almost 1% up on this time last week against the euro and US dollar. That takes sterling to its strongest against the US…
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At 7pm yesterday, the US Federal Reserve hiked America's interest rate by 25 basis points, to 5.25%. The decision was in line with what markets had already priced in.
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The latest unemployment rate for the eurozone hit its lowest levels since records began nearly 30 years ago.
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The Bank of England is set to release mortgage lending and mortgage approvals data at 9:30 this morning.
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