Thursday was a wild day on the currency markets, with the pound strengthening by nearly 3% on the US dollar and well over 1% on the euro. Most of that gain was in the hour after America’s ‘core…
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The US dollar made significant advances against the pound yesterday despite stock markets drifting lower as election results reported “too close to call.”
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The euro made steady gains against sterling yesterday despite the Eurozone’s battle against high inflation and a looming recession.
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Yesterday was a rocky day for sterling as it fell approximately 1.5% against the US dollar. It’s not clear at this moment what caused this change.
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After a steady start to the week, the pound fell against the euro yesterday following Russia’s orders for its troops to retreat from Kherson, Ukraine, in face of advances. It was a similar story for GBP/USD rates which…
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Following sterling’s early uptick on Monday morning it’s been a relatively flat week, but broadly positive for sterling. That may change on Friday with the GDP data for the quarter, with a clearer indication of the true state…
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US dollar finds itself under pressure as investors await the results of today’s midterm elections. The dollar index already fell this week following the Fed’s most recent rate hike.
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Markets keenly anticipate the country’s latest inflation rate, which will be released on Friday morning.
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