Between state visits, interest rates, and economic news, last week was a busy one for the pound. Sterling weakened by about a third of a cent against the euro, and while that represented just a minor dip, it…
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A first interest rate cut in nine months failed to knock the US dollar from its course last week. Financial markets celebrated the Fed’s decision, but the dollar remains highly sensitive to labour market data.
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That the euro enjoyed a stable week amid the French government’s collapse is a testament to its growing reputation. The single currency even strengthened by about a third of the cent against the pound in that five-day stretch.
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Halloween is over a month away, and the autumn budget another month beyond that, but the latest government finance report was enough to spook the skittish bond market. Borrowing costs rose again on Friday, piling yet more pressure…
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The pound’s strong start to last week faded across Thursday and Friday, as more troubling government spending figures worsened the chancellor’s headache.
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The dollar strengthened against the vast majority of currency pairs yesterday, including almost 1% against the pound. After a busy week on the currency markets the week splutters to an end with not much happening data-wise, but could…
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It was a rare reversal for the single currency against the dollar yesterday, dropping close to three-quarters of a cent. Or perhaps more of a correction, as EUR/USD remains up on the week and month. Next week will…
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Although sterling weakened yesterday against almost all currency pairs, we have ended a period of high impact data relatively unscathed, with declines of less than 0.5%. It’s not all over yet: on Tuesday we have the purchasing managers…
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