While the UK enjoyed four days of street parties and beer tents for the Jubilee, sterling obviously didn’t get the memo about pride in Britain and weakened to a three-week low against the euro and a two-week low…
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The dollar has edged higher against a basket of currencies this morning as market focus turns to rising global inflation.
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The euro is still strong against the dollar this morning as expectations for ‘hawkish’ action from the European Central Bank grows.
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The last UK data release of the week will be manufacturing PMI figures for May, which will indicate how the sector performed last month.
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The pound is trading around the same levels against the euro and the dollar this morning, despite housing data that was released earlier today. The data shows that annual house price growth slowed slightly in May. This has…
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Sterling has been uncharacteristically stable for the past week, barely moving against the euro and gently strengthening against the US dollar. Party that is down to the dearth of data this week, as the UK prepares for a…
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The US dollar has been the biggest loser in the currency arena for the past month and that continues right through to the end of the May.
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The euro’s advance on the US dollar has now extended into a third week, as it reaches its strongest for well over a month. There was also modest strengthening against the pound.
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