Yesterday the pound continued to surge against the US dollar, making monthly gains of around 2.62% and weekly advances of around 1.48%. It is a similar story for GBP/EUR which maintains its weekly and monthly gains this morning.
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It will be a busy week for dollar-watchers as there are several key releases that could impact the dollar’s movements this week, including the Q4 GDP growth rate and durable goods orders.
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Analysts seem to be growing sceptical of the European Central Bank (ECB) and suggest the central bank has been giving mixed signals. Also, ECB’s president, Christine Lagarde will speak again on Tuesday morning.
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Sterling was boosted last week, with GBP/USD rallying close to six-month highs. Markets predict that the exchange rate could rise further over the course of the week.
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The pound begins the week stronger against the euro, maintaining last week’s unexpected gains. Against the US dollar, sterling is also stronger than it was compared to this time last Monday.
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Last week sterling made a recovery of sorts, strengthening by around 0.5% from where it started the year against the euro. If you put that in a longer context, it’s below the boost that the currency enjoyed in…
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A mixed week for the US dollar too, falling against sterling and the Swiss franc but neutral against the euro. The dollar has also been hit by expectations that the central bank will slacken off its interest rate…
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It’s been a mixed week for the single currency, with gains against the US dollar, yen and yuan, but losses against sterling and the Swiss franc.
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