The dollar had a rocky day against the euro yesterday, but at least 1% below where it was this time last week. It traded sideways against the pound.
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The euro strengthened modestly yesterday against the US dollar and euro. So far this morning that has pared back a little.
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Sterling has been on a switchback ride the last month, and that has continued into the start of this week. Inflation rate reaches 10.1%, reflecting a 0.5% rise in September.
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Since Jeremy Hunt’s U-turn on the previous fiscal plan sterling has, overall strengthened against the US dollar, albeit with those gains pulled back a little yesterday. However, that is primarily down to a weaker dollar and against the…
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The dollar weakened generally yesterday, losing well in excess of 1% against the euro, pound and Australian and Canadian dollars as a risk on attitude permeates the markets.
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The euro strengthened by 1.2% against the US dollar yesterday. While it fell sharply against the pound in the middle of the day, it regained strength by the end of trading.
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Sterling strengthened decisively yesterday morning and early afternoon against all currencies. However, while it held onto some of those gains against the US dollar and Japanese yen they were reversed against most other rivals.
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The pound staged a recovery yesterday as the British government made the mother of all U turns on its fiscal policy. However, those gains have been at least partially reversed themselves this morning. In an effort to calm…
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