After weakening sharply against the euro and the dollar yesterday, the pound recovered this morning and hit a 13-month high against the euro. However, volatility could remain during the build up to the Bank of England’s latest monetary…
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Sterling finally breached the €1.17 mark this morning, after an interesting day yesterday which saw it rising, falling sharply, then rising just as fast again, swinging around 1%. This was probably mainly based on rumour and jitters ahead…
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The dollar strengthened marginally yesterday against both euro and sterling, powered by rising US bond yields.
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The single currency has started Tuesday on the front foot again, following a wobble yesterday.
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Sterling ended a choppy day back where it started yesterday against EUR after strengthening by nearly half a cent in early trading, falling significantly and then recovering. The pattern was similar against USD. So far this morning sterling…
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With interest rate decisions from the UK, US and Japan this week, as well as action from the European Central Bank (ECB), there could be significant movements in currencies over the next 48 hours.
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Although sterling ended last week around 0.5% off its peak, it has already recovered most of that this morning. Against USD the pound is well ahead of this time last week. An interview on Radio 4 this morning…
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