The single currency fell against all other currencies yesterday – except sterling. The losses against most currencies were as much as 1%.
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Although sterling has recorded a loss against the euro over the past 24 hours, it’s pretty marginal overall and it is safely back to there it was pre-Budget. Similarly with the US dollar.
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Sterling fell against the euro and US dollar over the course of yesterday morning, both before and after Liz Truss’s Conservative Party Conference speech. Sterling recovered a little in the afternoon and evening sessions however. Liz Truss’s first…
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The dollar has lost some of the massive gains it made following the pound's recent turbulence, but is still stronger against both currencies.
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The euro is still weaker against the dollar but stronger against the pound today.
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Sterling is in a much better position than it was last week against both the euro and the dollar, however it is still weaker overall against both currencies
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So far this week, the pound continues to recover to levels seen prior to the Chancellor's mini-budget announcement on 23rd September.
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After a week of gains, sterling stabilised against the euro yesterday and is currently becalmed, albeit at a rate well above the five-year average. To lock that in for the turbulent year ahead, do call your trader on 020…
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