The US dollar has leapt into the new week, gaining against all major currencies. Its biggest strength has been against the euro and Chinese renminbi, as the markets prepare for another 75 basis point interest rate rise from…
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The single currency has weakened against almost all major currencies this morning, including by as much as a third of a cent against the US dollar, taking it marginally below parity once again.
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Sterling’s sharp reversal against almost all major currencies last week was caused by a worsening picture for its economy overall, but also by the market’s view of the BoE potentially rowing back on a 75 basis interest rate…
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Last week sterling fell to its lowest point since early 2021 against the euro and its lowest for 37 years against the US dollar. It followed not just a string of disappointing economic readings, but also ones that…
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The dollar’s fortunes were patchy yesterday, strengthening markedly against the pound and various other dollars, but making no gains on the euro.
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The euro has strengthened by as much as 1% against sterling over the past 24 hours, while remaining broadly static against the US dollar.
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Sterling has dropped to a fresh multi-decade low against the US dollar this morning, as woeful retail sales data shocked the markets. Against the euro, sterling has dropped too, and is currently at a new 18-month low.
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Sterling weakened decisively during the course of yesterday against the US dollar and euro, by between 0.5 and 1%. Speak to your trader asap to control the risk of further falls affecting your plans, or to lock in…
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