Sterling strengthened at the start of the week against almost all major currencies. Against the euro sterling rose just over 0.5% yesterday and by double that against the US dollar. Only the Norwegian krone (NOK) did better.
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Sterling rediscovered its mojo yesterday, and that continues this morning, powering ahead and breaching $1.40 on positive economic news. There is a similar but less consistent performance against the euro.
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Sterling starts the week on the front foot this morning, reaching its strongest level for 10 days against the euro and maintaining its position well above the average for the past year. However, the more eagle-eyed readers might…
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The dollar is still weak against a basket of currencies this morning due to falling treasury yields, which are hovering near five-week lows.
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The euro is strong against the dollar this morning ahead of the European Central Bank’s latest meeting on Thursday.
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The pound is stronger against the dollar this morning ahead of a busy week for UK data.
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The pound is stronger against the dollar today mainly due to weakness from the greenback, which has come about because of falling treasury yields. Against the euro, sterling strengthened to a 10-day high this morning before weakening again. This…
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The dollar was relatively unaffected by a host of positive data releases yesterday and continues to balance this ‘bullish’ data with falling treasury yields. It seems that the US economy is on the road to recovery.
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