A distinctly mixed day for the single currency saw it gain 1% on the US dollar in the morning session, and then lose it all in the afternoon. It managed to hold on to some of its gains…
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Sterling’s gains over the last fortnight were sharply pegged back yesterday, as the pound lost almost 1% during the course of the morning.
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The week started in a negative fashion for sterling, losing between 0.5 and 1% against the euro, US dollar and yen. The cause looks to have originated on the other side of the world, with unrest in China…
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This week US markets are poised for a variety of data releases including personal spending, several Fed speeches and ISM manufacturing PMI for November.
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Euro-watchers will be on standby for this week’s eurozone inflation rate. Markets have forecast the rate to edge down gently from 10.6% to 10.3% in Wednesday’s release.
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A quiet week of key data releases for the pound this week however markets can expect data on the UK’s 30-year treasury Gilt Auction at 10am.
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Last week saw the pound move from strength to strength, with sterling ending the week up by more than 2% against the US dollar and close to 2% against the euro. Today sterling sits tight, ready to navigate…
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Against the euro and US dollar, sterling starts the week close to its highest since August. A steady climb in the value of a currency like that of sterling since the mini-Budget – now around 13% stronger against…
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