The end of last week was spectacular on the currency markets as sterling reached its highest point against the euro for nearly six years, before collapsing to its lowest for six weeks. Volatility has been in the air…
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The dollar is weak against a basket of currencies this morning ahead of the release of non-farm payrolls later today.
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The euro strengthened against both the pound and the dollar yesterday after the European Central Bank’s monetary policy meeting.
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Following the Bank of England’s decision yesterday to raise the UK’s interest rate to 0.5%, the pound strengthened against the euro initially, but then plummeted.
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It was announced yesterday that the Bank of England voted to raise the UK’s interest rate to 0.5%, which was widely expected and caused the pound to strengthen initially. However, comments from Governor Andrew Bailey and from President…
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The dollar has edged higher against a basket of currencies this morning, receiving some support due to its ‘safe haven’ status.
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We could see some volatility for the euro today due to the European Central Bank’s monetary policy meeting, which will take place later.
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The pound is still trading around strong levels against the euro and the dollar this morning, ahead of the Bank of England’s meeting later today.
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