The pound fell by almost 1% against the euro yesterday following the European Central Bank’s latest interest rate decision but has made a good recovery this morning. Later, we will see PMI figures for the UK.
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The pound fell by almost 1% against the euro yesterday following the European Central Bank’s latest interest rate decision but has made a good recovery this morning. Against the dollar, sterling is up around 1% compared to this…
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The dollar is still struggling against the pound but has recovered some strength against the euro. Nonetheless, the greenback remains over 1% down on this time last week against the euro. Today, the key data release will be…
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The dollar slipped severely against the euro and more mildly against almost every currency yesterday as it continued to suffer from a ‘risk on’ mood.
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The euro had a positive day as hopes rise for a larger-than-expected interest rate rise. This was despite the risk of a political crisis in Italy leading to an economic catastrophe.
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It was a distinctly choppy day for GBP/EUR yesterday, swinging by well over 0.5% as the inflation news initially disappointed the market and they then had to calculate the likely effects of a Truss or Sunak government. However…
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Sterling ended the day very close to where it started yesterday, having weakened severely in early trading after the UK’s inflation figures for June came in marginally lower than expected. Against the US dollar the day saw a…
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The euro has strengthened this morning, mainly due to dollar weakness and positive news in the eurozone. Russian gas company Gazprom has announced that it will resume providing gas to the EU tomorrow.
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