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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The dollar continued to weaken against most of its rivals at the start of the week. While the drop against the euro was small, it showed no change of direction after the 2% loss of last week. The…
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