by Jonathan Cook | Jan 8, 2024
GBP/USD climbed by over a cent on Friday, and while the pound gained by a much smaller amount against the euro – around two-tenths of a per cent – it nonetheless capped off a positive week for sterling. Friday saw a sharp US dollar selloff after new evidence of...
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by Charles Purdy | Jan 8, 2024
The pound starts the week in the best place it’s been for three weeks against the euro, and around 1.5% better than the average of last year. So, if the first working Monday of 2024 sees you in business-like mode, this would be a good time to lock in that rate for the...
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by Jonathan Cook | Jan 5, 2024
The US dollar jumped up against its major rivals yesterday, buoyed by the possibility of interest rates being kept higher for longer. US markets remain transfixed by the possibility of Federal Reserve rate cuts, but as yet there hasn’t been much movement. FOMC minutes...
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by Jonathan Cook | Jan 5, 2024
Sterling picked up around a quarter of a per cent against the US dollar while falling by a similar amount against the euro. The services-heavy UK economy was dealt a boost yesterday, with the S&P PMI coming in above expectations at 53.4. That followed a host of...
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by Jonathan Cook | Jan 5, 2024
Sterling briefly reached its highest level of the young year against the US dollar in yesterday’s session before its rally lost some steam. The euro, meanwhile, had a far more positive day, recording small but spirit-boosting gains against the pound and the US dollar....
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