Sterling starts the day slightly on the back foot against EUR and USD, but only slipping part way back towards last Tuesday’s position.
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Sterling remained steady against most of its major competitors over the past 24 hours while clawing back some of last week’s losses against the non-US dollars. The first week of September has been unseasonably quiet this year. In…
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On Thursday this week, the European Central Bank will hold its latest monetary policy meeting. After a high inflation reading of 3% last week, there could be discussion over when the Bank should start to taper its quantitative…
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This week, we can expect a quiet week for UK economic data until we get to Friday, when balance of trade, industrial production and GDP figures will be released.
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Both the pound and the euro strengthened against the dollar at the end of last week following a disappointing US Non-Farm Payrolls report. The report revealed that the number of new jobs added to the US economy in…
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The dollar weakened against several currencies on Friday after a disappointing jobs report, which showed that the economy added just 235,000 jobs last month. The greenback has rebounded this morning.
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The pound has been moving sideways for the past two weeks against the euro and has returned to where it was in mid-August against the US dollar as well. The last six months has been one of the…
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The euro is still trading around its highest levels against the dollar in four weeks. This is primarily down to a combination of dollar weakness and the pressure on the European Central Bank to wind down its Pandemic…
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