The dollar continues to fall against sterling this morning. Against the euro, the picture is slightly different as the dollar gains fresh strength.
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This morning the euro has dipped against sterling in anticipation of today’s eurozone inflation rates. Markets are expecting inflation to hit 9.1%
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At the start of the week sterling fell to its lowest rate since early summer against the euro. This morning, sterling continues to make some recovery against the euro.
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It has been a turbulent week so far for sterling, but recovery is on the horizon with sterling continuing to make some improvement against the euro this morning.
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The pound has had a torrid week, falling to its lowest level against the euro since the early summer and against the US dollar since March 2020. This hardly gives the true picture, however. March 2020 was a…
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The dollar gained fresh strength against sterling last week following Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium on Friday.
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The euro strengthened sharply against the pound last week, and that continued through Monday when the UK exchanges were closed.
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Sterling fell sharply on Friday, bedding in the losses from earlier in the week and driving the pound to its lowest point since the beginning of summer against the euro.
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