On Monday the US dollar came close to its strongest level against the pound this year, before slipping away late yesterday. It remains strong against the euro, trading around its highest since the start of summer.
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The single currency strengthened against the US dollar yesterday, close to its highest point since the start of the month and fractionally above early October. While it was muted against sterling yesterday, it remains close to its six-month…
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The pound clawed back some of its losses yesterday, returning close to €1.17 and well over $1.35.
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Sterling recovered some lost ground yesterday, pulling back just under 0.5% against both USD and EUR. This followed comments once again from the governor of the Bank of England, Andrew Bailey, that interest rates would rise if clear…
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The dollar is strong against the pound and euro this morning, but slightly weaker against other currencies following the Federal Reserve’s statement that it will be ‘patient’ when deciding to raise interest rates.
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The ECB’s Chief Economist, Philip Lane, will give a series of speeches this week. Over the weekend, he said that the high inflation is “very unusual and temporary”.
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Sterling is still weaker against the euro and the dollar this morning following the Bank of England’s monetary policy meeting last week.
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The pound is still weaker against the euro and the dollar this morning after the Bank of England’s interest rate decision last week. Just two BoE policymakers voted in favour of raising interest rates, whilst seven voted to…
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