by Charles Purdy | Dec 5, 2023
The euro lost out to all of its major rivals except for a (very small) gain on sterling yesterday. Today there will be a mass of PMI data out for individual countries and the eurozone as a whole. Spain’s has already come in; a little disappointing, with composite PMI...
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by Charles Purdy | Dec 5, 2023
The pound’s resurgence was stopped in its tracks yesterday, in a quiet day for data, while GBP/USD could best be described as choppy. Overnight we have had a reading for the British Retail Consortium (BRC) retail sales monitor of a 2.7% rise in sales since last...
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by Charles Purdy | Dec 5, 2023
The pound remained stable against the euro yesterday, holding onto the significant gains it has made in the past week. Less positively against the US dollar, GBP/USD slipped by around 0.6%. There was little to excite the markets yesterday, with the headline reading...
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by Charles Purdy | Dec 4, 2023
Sterling shot upwards last week, gaining 1.2% over the week to its strongest against the euro for three months, a good 2% above the average of the past five years. The gain has been just as spectacular against the US dollar, so why not lock it in for the year ahead...
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by Jonathan Cook | Dec 4, 2023
USD/GBP shed some value last week, although the US dollar opened today over half a percent up on the euro. With holiday season in full swing, there will be a focus on consumer sentiment this week with the release of the Michigan survey. For more on currencies and...
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