Sterling has had a difficult two days, falling by close to 3% from its peak on Tuesday against the US dollar and close to 1.5% against the euro. The reason has been the better inflation figures, which have…
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After a lively week for sterling versus both the euro and US dollar, the pound ends the week roughly 1% down on both compared to Monday morning. However, that was after strengthening in the early part of the…
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It was a stellar day for the dollar yesterday, strengthening by between 0.5 and 1.5% against major rivals.
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It was a mixed day for the euro, recovering strongly against most currencies, including sterling, but losing 0.5% against the US dollar.
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After several top-level data releases that sent sterling slowly higher over the course of the week and then down very rapidly yesterday, today is a quiet one for data.
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Yesterday proved that good news for the economy and public isn’t always reflected in the currency, when a sharp decline in monthly inflation led to the pound weakening.
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Sterling’s love letter from the currency markets lasted until Valentine’s Night but no further. A solid week of gains that had seen GBP/EUR strengthen by 2% over eight days came to an abrupt halt this morning with the…
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Following the boost the positive wage growth data gave the pound yesterday morning, it was a rather calm day for other major currencies euro and US dollar.
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