UK inflation data was released this morning, coming in at 3.1% year-on-year and 0.3% month-on-month in September.
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The pound is still strong against both the euro and the dollar. Despite lower than expected inflation figures released this morning, inflation remains above the Bank of England’s 2% target and is predicted to rise in the coming…
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The dollar slipped severely against the euro yesterday, and marginally against the pound. Continuing falls against the pound however have led USD/GBP to its lowest point for a month.
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The euro strengthened by well over 0.5% yesterday against the US dollar to its highest point this month.
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After a weekend of hints on interest rates that saw sterling soar, the pound gradually lost strength over the day against the euro. Against the US dollar, however the direction remains positive, with a swing of around 3%…
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Following the excitement of sterling breaking multi-month records early on Monday against the euro, the pound weakened a little yesterday but remains above the €1.18 level. A different story for GBP/USD, however, with the pound continuing to build.…
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The dollar is strong against most currencies this morning due to a rise in treasury yields, which have been brought about by climbing oil prices and disappointing data from China.
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The euro is weaker against the dollar and the pound this morning ahead of a series of speeches from European Central Bank officials this week.
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