It was a case of the best of times and the worst of times for the single currency. The euro strengthened against NOK and SEK but weakened against every other major currency yesterday, including very marginally against USD.
Read more
›
Sterling traded essentially sideways against the euro yesterday while slipping yet further against the US dollar.
Read more
›
Sterling ended yesterday close to its lowest level against the US dollar since late summer 2020, while making no serious gains against the euro following Friday’s drop. Movements yesterday were not due to anything much happening in the…
Read more
›
The dollar is stronger against a basket of currencies this morning, benefitting from its safe-haven status due to concerns about global economic growth and signs that the Federal Reserve will continue to tighten monetary policy.
Read more
›
The euro is strong against the pound this morning following news that Emmanuel Macron defeated Marine Le Pen in the French Presidential elections.
Read more
›
After weakening at the end of last week due to disappointing economic data, the pound is still lower this morning against the euro and the dollar.
Read more
›
Following the release of disappointing UK retail sales figures and consumer confidence data last week, the pound is weaker against both the euro and the dollar this morning. UK retail sales came in lower-than-expected in March, whilst consumer…
Read more
›
When the exit poll came through from France last night, showing that Europe has avoided a far-right government at its heart, the wind went out of sterling’s sails as the euro strengthened. Those gains have been pared back…
Read more
›
