After yesterday's falls, the pound remains down but steady against most major currencies, except for the Japanese yen, following Mr Bailey's comments.
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Sterling weakened fairly spectacularly over the course of yesterday against the euro – by well over 1% – and by around 0.8% against the US and Australian dollars. The drop followed comments by Bank of England (BoE) governor…
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The dollar is stronger against the pound and euro this morning, supported by a risk-averse market triggered by several 'off-script' comments by President Biden. Markets now await key US job report on Friday.
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The pound is looking strong-ish against the euro this morning while struggling against various dollars, notably AUD, NZD and CAD. This morning Andrew Bailey of the Bank of England will be speaking.
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Last week was not good for the single currency and it remains well down against every major competitor except the Japanese yen. Tensions between the West and Russia, and a lack of progress with Moscow-Kiev negotiations, have sent…
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The pound has started the week steady against the euro and close to 1% stronger than last Monday. Against the US dollar there was a fair amount of movement over the week but following the Budget on Wednesday…
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The pound is looking positive against the euro this morning, if a little shaky against USD. Against the euro, for three months now between January and today sterling has struggled to surpass the resistance level around €1.20-1.21. You…
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The euro is slightly stronger against the pound and the dollar. The EU and the US have just announced a major gas deal in an attempt to reduce Europe’s reliance on Russian energy.
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