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GBP: sterling weaker against both currencies

The pound to euro rate has fallen today despite the pound gaining fresh strength following Liz Truss being appointed Britain’s new prime minister. Sterling has also weakened against the dollar today after shooting up in what analysts call a “knee jerk...


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USD: Dollar hits record-breaking heights

The dollar strengthened to its highest point against the pound since the mid-1980s early yesterday, overtaking the early-Covid low of March 2020, before slipping back by around 1%. Against the euro it moved to its strongest for almost 20 years, but those gains have...


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EUR: Euro gains on all but the pound

The single currency had a mixed day, weakening against sterling but gaining by around 0.5% on the US dollar. The big event of the week is the interest rate decision from the ECB on Thursday, and the single currency has strengthened in expectation of a hike in rates....


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