A choppy start for the pound against the euro and the dollar this morning following the chancellor’s U-turn, but overall sterling is significantly stronger than it was against both currencies this time last week.
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Yesterday the US dollar declined significantly against both the euro and pound.
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After a rocky week of ups and downs, the euro strengthened decisively against the US dollar and other currencies.
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Against the US dollar and the euro, sterling made new gains yesterday and regained the losses since last Friday. So far this morning, the pound has remained steady.
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Sterling saw a slight recovery throughout the day yesterday versus both the euro and USD. This continued this morning as the pound has gained 1% against both currencies but remains low overall after its significant fall last Friday.
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The dollar is still stronger against both currencies this morning despite yesterday's fluctuations against the euro.
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Overall, the euro remains stronger against sterling while weaker against the dollar.
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The pound is still weaker overall against both currencies following the chancellor's mini-budget announcement last Friday.
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