It was a poor day for the single currency, weakening decisively against GBP, AUD and CAD, but ultimately unmoved against the US dollar. This morning, however, it has strengthened against the US dollar, while weakening further against sterling.
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Sterling has rebounded following the chancellor’s climbdown on tax and promise to bring forward publication of the medium term fiscal plan. It climbed against most major rivals, with gains in excess of 1% against the euro and almost…
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Sterling strengthened over the course of yesterday against both the US dollar and euro by around 1%. This returned GBP/USD to where it was before the chancellor’s mini-budget of 23rd September and GBP/EUR to a two-and-a-half week high.…
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After the massive highs against sterling last week, the dollar is weaker overall compared to the pound today.
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The euro starts the week down against the pound today but stronger against the dollar.
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Sterling made new gains today, building on the recovery over the previous week. Against the dollar, sterling starts the week much stronger than it did last week
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Sterling has already seen some activity this morning, dropping as soon as trading started this morning in Asian markets, then leaping upwards as the news came through that the chancellor is reversing the 45% tax cut, then settling…
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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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