Compared to this time last week, the dollar begins the week marginally up on sterling, the euro and several of its major competitors including the Canadian dollar and Japanese Yen.
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The euro enters interest rate week in a much better position against sterling and the dollar compared to last Monday. Like Britain, the eurozone will find out its latest interest rate on Thursday afternoon.
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Sterling nervously awaits a busy week of key data releases ahead. The pound's nervousness is reflected in markets as it begins the day marginally weaker than both the euro and the US dollar compared to this time last…
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Markets are poised for this week's interest rate decisions from central banks across all three of our major currency zones. The BoE, ECB and Fed will all be deciding on their rates over the course of this week.
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The dollar has strengthened generally this week. That includes an almost 3% gain on NOK, but far less spectacular rise against the pound, and it has lost out to the euro marginally.
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It’s been a positive week for the single currency, strengthening against all major rivals, especially the Norwegian krone and Japanese yen, and around 1% against sterling.
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Sterling approaches the weekend a little down on last Friday against the euro, while it has recovered most of the losses it made early this week against the US dollar.
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The week ends with no breakthrough in negotiations to avert December and January’s rail strikes, a crippling blow for the UK’s retail, entertainment, hospitality and many other industries this Christmas. There are estimates that more than a million…
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