by Julian Benson | Jul 12, 2023
After soaring to a 15-month high against the US dollar yesterday, the pound later rose to an 11-month high against the euro, coming out on top of the three major currencies. The pound ended the working day 0.51% up from Monday, while the GBP/USD rate is currently...
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by Charles Purdy | Jul 11, 2023
Not a positive start of the week for the US dollar, sliding by as much as 0.6% against some rivals, notably JPY, and this morning hitting its lowest against GBP for over a year. Treasury Secretary and ex-chair of the Federal Reserve Janet Yellen has been visiting...
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by Charles Purdy | Jul 11, 2023
The single currency had a broadly positive day yesterday, strengthening against all but the Japanese yen. Since mid last week it has gained well over 1% against the US dollar. There was no data of note yesterday, but today we have just heard a final result for German...
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by Charles Purdy | Jul 11, 2023
Sterling swung sharply upwards this morning following data on unemployment and earnings. It is currently close to 0.80% up on the US dollar compared to yesterday, at its strongest for 15 months. The data continues tomorrow with the Financial Stability Report tomorrow,...
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by Charles Purdy | Jul 11, 2023
Monday morning saw a sharp dip for sterling against most major currencies. However, it was largely recovered against the euro by the end of the day, and indeed the losses reversed against the US dollar and the renminbi. This morning sterling has surged upwards...
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