The pound has weakened to multi-year lows against the euro and the dollar after falling yesterday, overnight and this morning. Poor economic data and tensions between the UK and EU over the Northern Ireland protocol contributed to this,…
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The pound’s sorrows are coming not as single spies, but in battalions, to mangle Shakespeare a little. Sterling’s precipitous fall started yesterday and has continued overnight and this morning, as bad news continues to arrive. You might have…
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The dollar enjoyed another stellar day yesterday, strengthening against all but CHF as investors prepared for an interest rate decision tomorrow that is likely to be aggressively anti-inflation, following Friday’s higher-than-expected inflation reading.
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The euro strengthened against most major currencies yesterday while losing slightly to USD and the Swiss franc (CHF). Against the pound it is now very close to its strongest of the past year or so.
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Sterling lost around 1% against the US dollar and 0.3% against the euro yesterday. After yesterday’s GDP data – bad, but too bad – this morning there has been unemployment and earnings data. The results were mixed, with both…
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Sterling lost around half a cent against the euro over the course of yesterday and remains close to its lowest point since last December. Although GDP fell by 0.3% in April – a considerably bigger fall than expected…
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The dollar has strengthened against a basket of currencies following the release of US inflation data last week.
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German inflation figures will be released tomorrow, along with economic sentiment data for Germany and the eurozone. On Friday, inflation figures for the whole of the eurozone will be released.
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