The pound is strong against the euro and the dollar this morning after Governor of the Bank of England, Andrew Bailey, gave an indication that a rate hike is on the horizon.
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The pound is at its strongest level since February 2020 this morning against the euro and is also strong against the dollar. This is due to comments made yesterday by Bank of England Governor Andrew Bailey. Bailey said…
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Sterling leapt ahead again over the weekend and is now well ahead against the euro of any point since before the pandemic and – aside from a few days early in 2020 – its highest rate since spring…
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The dollar is still weaker against most major currencies this morning. It is thought that this current weakness is due to profit-taking on long dollar positions.
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The euro appears to be taking its lead from the dollar's dynamics but is slightly stronger this morning. French inflation rose 0.3% year-on-year in September, beating market expectations and reaching the highest rate since October 2018.
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The pound strengthened against the euro and the dollar over the course of yesterday and has broken key levels this morning. Sterling was boosted following ‘hawkish’ signals from the Bank of England.
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The pound has strengthened against the euro and the dollar this morning, breaking key resistance levels. Markets will now be watching to see if sterling can maintain this strength throughout the day and close above these levels. Sterling…
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The dollar weakened slightly against most currencies following the release of US inflation data yesterday.
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