The dollar is still weaker against the pound and euro following the Jackson Hole Symposium last week. The markets will now look to Non-Farm Payrolls at the end of this week for further direction.
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The euro moved slightly higher against the dollar and pound yesterday following 'hawkish' comments from European Central Bank officials. Both Klaas Knot and Robert Holzmann suggested that stimulus measured should be tapered soon.
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PMI data is due for the UK later today and on Friday, and any surprise readings could impact the pound. The data is expected to show that the services and manufacturing industries are continuing to grow, but at…
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The pound is still strong against the dollar and weaker against the euro this morning. PMI data, which measures the performance of the services and manufacturing industries, could provide some direction for sterling today and on Friday. Inflation…
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Well, we said that Jackson Hole could be pivotal and in the past week the US dollar has fallen significantly against all of its major competitors, including by in excess of 1% against NOK, NZD, AUD, SEK, ZAR,…
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The single currency strengthened by around 1% over the past week and very marginally against sterling last week.
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It’s been a mixed week for sterling, with 0.5% rises against the US and Canadian dollars, little movement against the euro and losses against some commodity-backed currencies like the NZ and Australian dollars and NOK.
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There were no significant moves in sterling over the Bank Holiday weekend against the euro and it remains close to where it was on Friday but around 0.5% down compared to the beginning of last week. The picture…
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