Pound makes up ground on US dollar

Sterling was able to end a testing week on a positive note last Friday, as news of yet more trade tariffs and cooling inflation from the United States dented demand for the US dollar. The pound clawed back over half a cent against the US dollar on Friday – a good...


read more

USD: Above predicted growth

The dollar is riding high, picking up 0.6% on the euro and more than 0.75% on the pound. The surprise announcement that GDP was growing at a rate of 3.8%, much higher than forecast, drove these gains. However, the good news makes the Fed’s next interest rate cut...


read more

EUR: Middle road taken ahead of inflation data

The euro took the middle path on Thursday, lagging the dollar by 0.6%, but gaining 0.15% on the pound. The relative calm came from a lack of major data releases. However, next week, inflation reports will reveal the state of the eurozone economy. EUR/USD past year 1...


read more

GBP: Debt costs rising as creditors lose interest

It was a bad day for sterling, with the pound losing 0.15% against the euro and 0.75% against the dollar. The government struggled to sell bonds, showing creditors are losing patience with the state and future of the UK economy. GBP/USD past year 1 Min 5 Min 1 Hr 1...


read more