The dollar’s recent strengthening was pared a little back last week, slipping most noticeably against SEK and the Australian dollar, and by around 0.5% against the euro.
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It’s been a mixed week for the single currency, losing ground to the pound, NOK, Canadian and US dollar while losing to the Swedish krone and others.
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Sterling has started the day in an upbeat fashion, possibly the result of Rishi Sunak’s lead in the Tory leadership contest, or possibly a hangover from the better than expected GDP result last week.
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Sterling has started the week well in early trading today, strengthening marginally against the euro and US dollar. However it is still slightly weaker than the start of last week against both. It’s a busy week for data…
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The pound drifted sharply against the euro over the course of Friday, ending around 0.3% down on the week overall, after hitting a nine-week high on Wednesday following better than expected GDP data. This morning we’ve seen a…
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The dollar has continued to gain strength this week as the chance of a full 1% increase in US interest rates on 29 July looks more likely in the face of 9.1% inflation, the highest in 40 years.…
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It’s been an exceptionally quiet week for data in the eurozone, with the headline being a parlous reading for the ZEW Economic Sentiment Index in Germany, which fell to -53.8 against an expectation of just -33.8. This morning…
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Sterling drifted lower against the euro during the course of yesterday before perking up late in the day and regaining some of its earlier losses. Against the US dollar it again hit a new 28-month low.
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