The US dollar weakened against all major currencies yesterday, but not significantly and remains a little stronger on the week against all but the commodity-backed currencies such as CAD and AUD.
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The single currency’s performance yesterday could best be described as “choppy” against USD and it ultimately ended up where it started. After an initial drop against sterling close to an 18-month low, it recovered mildly during the day…
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After a sharp rise that brought the pound tantalisingly close to breaching August’s post-pandemic high against the euro, sterling has traded southwards. There was a similar direction of travel against the dollar but GBP/USD remains a good 5%…
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After challenging August’s 18-month highs yesterday morning sterling fell back by around 0.4% against the euro and other major currencies yesterday, although – so far – it has stabilised this morning. Data released this morning shows the highest…
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The dollar is stronger against most currencies this morning, but weaker against the pound and the euro following a disappointing non-farm payrolls report on Friday.
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The first half of this week is busy with data releases in Europe. Economic sentiment figures for Germany and the Eurozone as a whole will be released tomorrow, followed by inflation rate data for Germany on Wednesday.
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The pound is strong this morning against both the euro and the dollar, boosted by comments from Bank of England officials over the weekend.
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The pound is stronger against the euro and the dollar this morning following comments from Bank of England officials. Over the weekend, both Andrew Bailey and Michael Saunders expressed worries over rising inflation and hinted at an earlier-than-expected…
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