by Julian Benson | Nov 13, 2023
The pound fell to a six-month low against the euro on Friday after a mixed bag of economic data for both the eurozone and the UK favoured the single currency. UK economic growth held steady for the year in September 2023, remaining at 1.5% instead of declining 1.1% as...
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by Charles Purdy | Nov 13, 2023
Last week was not so great for the pound, as it fell to its lowest point against the euro since May. Good news for anyone moving funds back to the UK, of course, so if you are in that position, please do call your trader. Although today’s exchange rate may look a...
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by Charles Purdy | Nov 10, 2023
The greenback continued its gains over sterling to over a cent above where it was to begin the week. As onlookers waited for Jerome Powell’s speech last night, Raphael Bostic, chair of the Federal Reserve’s Atlanta branch, also spoke about central lending. In similar...
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by Charles Purdy | Nov 10, 2023
The euro gained around 0.1% against the pound yesterday while treading water against the dollar. ECB vice president Luis de Guindos warned it was too soon for markets to start thinking about a reduction to borrowing costs. “Any discussion about interest rates is...
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by Charles Purdy | Nov 10, 2023
Sterling softened against both the US dollar and the euro yesterday ahead of the release of UK GDP figures along with a speech from Jerome Powell on the other side of the Atlantic. The RICS UK Residential Market Survey house price balance, which measures the gap...
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