What a week that was. Since last Monday sterling has lost significant ground against all of its top 19 rival currencies, including around 2% against the euro and US dollar. The decline shows little sign of abating, so…
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The euro has strengthened around 1% against the pound but has erased its gains against the dollar. An ECB official has said that the Bank is preparing for a sequence of rate hikes as eurozone inflation stands at…
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The pound has slumped against both the euro and the dollar following the Bank of England’s decision to raise interest rates from 0.75% to 1%, the highest rate since 2009. Sterling fell over 1% against the euro and…
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The pound has tumbled against the euro and the dollar following the Bank of England’s decision to raise interest rates by just 0.25% yesterday. Markets had priced in a larger rate hike, so the minimal increase caused major…
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The dollar has recovered the losses it suffered following the Federal Reserve’s decision to raise interest rates on Wednesday. Markets will now be keeping an eye on today’s non-farm payrolls and unemployment figures.
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The dollar has weakened against a basket of currencies following the Federal Reserve’s monetary policy meeting yesterday.
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The euro has strengthened against the dollar and the pound this morning, mainly due to dollar and sterling weakness.
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The pound is weaker against the euro and the dollar ahead of the Bank of England’s monetary policy meeting, which is due to take place later today.
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