The last 24 hours has been a tale of two sets of inflation figures. The US’s were higher than expected at 8.3% and led to a spectacular fall for most currencies against the dollar yesterday as the likelihood…
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The US dollar weakened across the board yesterday, marginally against sterling and the euro, and significantly against the Australian dollar.
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The single currency started the week on the front foot yesterday, but the early gains rapidly fell away and it ended the day down on sterling but marginally up on the US dollar. The direction is broadly negative…
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The pound strengthened yesterday following growth – albeit tepid – in the UK economy. The Ukrainian fightback also led to global stocks rising, and traditionally the pound rises and falls in line with equities. This morning we have heard…
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Sterling had a positive start to the week, strengthening against almost all major currencies, by between 0.5 and 1%. That has continued this morning, following broadly positive news on employment and earnings, with GBP/USD now at a two-week…
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The dollar is weaker against both currencies ahead of this week's US inflation data.
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This morning the euro is stronger against both sterling and the US dollar.
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Sterling is weaker against the euro this morning but has gained fresh strength against the dollar.
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