The euro’s story over the past few weeks has been one of steadiness, and while it has performed well against the pound, it is by no means the only currency to achieve that. The euro is near a…
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October brought little to celebrate for anyone holding pounds. As the mood music held at a gloomy drone, sterling weakened by a cent against the euro and by a full three cents against the US dollar. If November…
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The US dollar strengthened again against the pound and the euro yesterday. That was despite underwhelming manufacturing data and the joint-longest government shutdown in the country’s history, which the president is now pushing Republicans to end.
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Sterling starts Monday close to its weakest against the euro in two years. After another week of uncertainty, the uncomfortable truth is that things might have to get worse before they get any better.
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As the government shutdown continues, it has become impossible to accurately gauge the state of the US economy. That didn’t seem to trouble the US dollar last week, which strengthened to its best level in months against the…
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The pound continued to struggle against the euro last week, although a rally on Friday afternoon helped it end proceedings more or less where it had began. Recent dynamics have hardly been helped by the European Central Bank’s…
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Thursday’s interest rate decision now appears to be in the balance, a scenario that would have seemed borderline impossible just weeks ago. Could the Bank be lining up a major shock? It’s certainly possible, which could spell trouble…
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Sterling fell to a six-month low against the US dollar to end last week ahead of an interest rate decision from the Bank of England that looks more intriguing by the minute. Based on current trading, currency markets…
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