Sterling enters the week on a stronger footing against both the euro and the dollar after a punishing start to the year so far. Despite its recent gains, the pound remains close to the one-month low touched against the…
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Sterling starts the first full trading week of 2023 around 6% weaker than this time in 2022 against the euro, but still close to its post-referendum average. Could it sink further in the coming months? There is evidence…
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The dollar made strong and swift gains against sterling and the euro in a fairly frantic hour or two yesterday lunchtime. The prompt was the message coming through that interest rates are unlikely to fall in 2023 and…
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A mixed day for the euro saw drops against the US dollar and a small gain against sterling. That has continued so far this morning.
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Sterling struggled mid-week despite some positivity from UK high streets and the services sector, according to S&P services PMI.
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Sterling fell to its weakest level since late November against the US dollar yesterday, dropping well over 1%. While the pound also fell against the euro, some of those losses were recovered in the afternoon session and GBP/EUR…
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Yesterday was an interesting data for US market watchers and the dollar itself. ISM Manufacturing PMI, JOLTs job openings for November and the FOMC’s were all released in one afternoon and seemed to have little impact on an…
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While the euro is stronger against the pound and the dollar this morning, tomorrow the eurozone will see the latest inflation rate (flash) for December. Market participants will be keen on seeing if this triggers further movement in…
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