Having broken through its year-long resistance level against the euro on Wednesday, the question is whether sterling can hold onto that gain or will slip back. This is a relatively quiet week for data too, so with the…
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Sterling has ended the week in good shape, close to its best against the euro for a year and winning back ground on a US dollar that has suddenly lost its swagger. The reason for all this is…
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Sterling gained across the board again yesterday, taking it to its best for a year against the euro with a 0.6% gain on the day and 1% on the month. Although some of that can be blamed on…
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Sterling recovered from an early slip to record marginal gains against the euro and the US dollar yesterday. The pound to euro rate remains near enough its best in a year this morning, with easing tensions in the…
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Sterling reacted positively to the first major policy speech by Andy Burnham since Sir Keir Starmer announced his resignation as prime minister. The pound strengthened against the US dollar and the euro yesterday amid an otherwise light economic…
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The pound was speeding in two directions at the end of the last week, with GBP/EUR flying high and GBP/USD in the doldrums.
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After 360 days of trading within a narrow band, the pound finally broke free of the euro’s gravitational pull this week and powered through the €1.16 resistance level. However, even though GBP/EUR is at its best for year,…
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The dollar is having a moment. It hit its strongest in more than a year on Wednesday, a fifth straight day of gains, and is now set for its best month since last summer. The pound and the…
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