The pound starts the week still with no recovery in sight after the past week where it fell against EUR and USD by around 2%. Against the euro at least it has only returned to the levels of…
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The euro has strengthened against the pound but has weakened against the dollar as the US Federal Reserve’s tapering announcement continues to affect the single currency.
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The pound has tumbled against both the euro and the dollar this morning following the Bank of England’s decision to keep interest rates unchanged. There was previously a strong expectation of a November rate hike.
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The pound fell against a basket of currencies yesterday following the Bank of England’s announcement to keep interest rates unchanged. Against the euro, sterling fell by almost 1%, the largest single-day decline since late September. Markets had largely…
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The dollar is still strong against the euro and has strengthened substantially against the pound following the Bank of England’s decision to maintain interest rates. The all-important non-farm payrolls report will be released today.
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The dollar is stronger against a basket of currencies this morning after weakening initially following the Federal Reserve’s monetary policy announcement.
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Later today, PMI figures will be released for Germany and the Eurozone, showing how these economies performed in October.
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All eyes will be on the Bank of England’s monetary policy meeting today. The pound has moved lower this week as expectations for an interest rate hike have decreased.
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