The single currency fell by around 1% against the dollar yesterday, but has since regained around half of those losses. Against sterling the picture was reversed, with choppy gains over the day since pared back this morning.
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Sterling fell across the board yesterday, in a key week for central bankers at home and abroad. However it has since partially bounced back.
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Sterling lost around 0.5% against the euro but over 1% against the US dollar yesterday as global inflation raised its head again in a key week for interest rate-setters. Some of sterling’s losses have been clawed back this…
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The dollar is still weaker than both sterling and the euro this week following the recent recovery sterling has made in the wake of Truss’s resignation.
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Annual GDP growth rate will be released at 11am today. This morning markets are expecting YoY GDP to come in at 2.5%.
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After shooting up against the euro at lunchtime on Friday, the pound maintains those gains into this week.
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Newspaper allegations surfaced over the weekend claiming that former prime minister, Liz Truss’s phone was hacked by suspected Russian agents.
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Sterling starts the week at its strongest for around two months against the euro and US dollar. There all similarities end, however, as against the dollar it is well below the average for the last five years whereas…
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