The pound remained relatively unchanged against the euro yesterday. Since then, sterling has fallen approximately 2.9% against the US dollar.
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Yesterday the pound rose ever-so-slightly against the euro but ended the day relatively unchanged. However, it was a rocky day for GBP/USD.
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The Federal Reserve will decide on its latest interest rate today at 6pm UK time. The rate is expected to hit 4%.
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The euro is still weaker overall against both sterling and the dollar, following the highest inflation on record.
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The Bank of England will announce its latest interest rate tomorrow at lunch.
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Over the course of yesterday sterling was choppy against the dollar but ended the day marginally up from where it started.
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Sterling has been climbing relatively steadily since the depths of late September and has now surpassed the early autumn dips against the euro and dollar. It could easily be affected by whatever is decided in the Eccles Building…
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As the Federal Reserve’s FOMC settles in for two days of meetings that will end in tomorrow’s interest rate decision, the dollar had a mixed day. It gained strongly against the euro and sterling in the early part…
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