Sterling fought back against the euro yesterday, gaining nearly three-quarters of a percent even as it struggled against the US, Canadian and Australian dollars. Indeed, the single currency was the overall loser yesterday, as inflation continued to fall…
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The US Federal Reserve's, member of the board of governors, Michelle Bowman, is scheduled to deliver a speech tomorrow at the Psaros Center for Financial Markets in Washington.
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Our neighbours in the eurozone will also be releasing their latest inflation data for March on Wednesday, but these will all be final releases so shouldn't have a major impact on currency.
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Following an unexpected rise in UK annual inflation to 10.4% in February, from 10.1 in January, many will be watching closely to see if results on Wednesday are in line with market expectations.
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Sterling enters the week close to its strongest level against the US dollar in 10 months amidst the greenback's recent weakness. GBP/USD gains on a monthly footing stretch to nearly 2 per cent.
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If you had cheerfully made an offer on a property in France, Spain, Portugal or elsewhere in the eurozone last week and planned a happy weekend imagining a sunnier lifestyle, you would have been alarmed to see the…
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Wednesday’s falling inflation data continues to weigh on the US dollar, which has now reached a one-year low against the euro and 10-month low against sterling.
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The euro climbed another three-quarters of a percent yesterday against the US dollar to its strongest since the first week of April last year.
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