by Charles Purdy | Dec 5, 2023
The pound’s resurgence was stopped in its tracks yesterday, in a quiet day for data, while GBP/USD could best be described as choppy. Overnight we have had a reading for the British Retail Consortium (BRC) retail sales monitor of a 2.7% rise in sales since last...
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by Charles Purdy | Dec 5, 2023
The pound remained stable against the euro yesterday, holding onto the significant gains it has made in the past week. Less positively against the US dollar, GBP/USD slipped by around 0.6%. There was little to excite the markets yesterday, with the headline reading...
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by Charles Purdy | Dec 4, 2023
Sterling shot upwards last week, gaining 1.2% over the week to its strongest against the euro for three months, a good 2% above the average of the past five years. The gain has been just as spectacular against the US dollar, so why not lock it in for the year ahead...
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by Jonathan Cook | Dec 4, 2023
USD/GBP shed some value last week, although the US dollar opened today over half a percent up on the euro. With holiday season in full swing, there will be a focus on consumer sentiment this week with the release of the Michigan survey. For more on currencies and...
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by Jonathan Cook | Dec 4, 2023
GBP/EUR advanced by over 1.2% last week and made smaller gains on the US dollar, as markets became more strident in their view that the BoE would be the last of the three to loosen policy. It’s another relatively light week for UK data. That may just be the calm...
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