The pound weakened against the euro over the course of yesterday and is still weaker this morning. Against the dollar, sterling has strengthened. A further rise in UK inflation has increased expectations of a 50 basis point interest…
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The pound is still weaker against the euro this morning but is stronger against the dollar after the release of UK inflation data for June. Inflation came in at 9.4%, up from 9.1% in May. This is now…
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The dollar is still weaker this morning as a ‘risk on’ sentiment continues to drive the American currency down. It’s a light data day today, with June existing home sales being the main release.
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Today’s inflation figures, showing prices in the UK rising at 0.8% in June and 9.4% in the year to June, have caused the pound to fall against the euro and US dollar this morning. That’s because despite being…
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It was a quiet day for data in the US but the greenback weakened nonetheless. This was mainly due to an increasing risk on sentiment as fears over a Chinese recession lessened following comments from the governor of…
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The single currency enjoyed a buoyant start to the week, strengthening against its next 20 currencies except for the British pound and Norwegian krone.
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Sterling was supported through much of yesterday, ending the day close to 1% up on the day against the US dollar and at one point hitting $1.20. Against the euro gains early on had all but disappeared by…
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Sterling broadly strengthened over the course of yesterday, as global markets opted for a more optimistic outlook on China’s economy. However, that was reversed this morning against the euro following earnings data that has worried the markets. However,…
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