Category: Daily blog
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Softer dollar
The dollar is on the back foot this morning ahead of the always closely followed monthly employment report in the US later today, trading at around $1.11 against the euro and at about $1.3150 against sterling. This leaves the pound – which has had a good week generally – trading a little under 84.5p against the single currency at the start […]
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Sterling on fire!
The pound has strengthened notably against both the euro and the dollar, as the market takes comfort from the latest opinion polls which show the Conservatives will a still healthy lead over Labour just a week or so out from voting day in the general election (December 12th). Sterling has risen to its highest level against the […]
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Trump roils markets
Comments by Donald Trump regarding China and trade sent markets into a bit of a tailspin yesterday although the main currencies pairs weren’t hugely affected. Hence the dollar continues to trade at its lows of week against the euro at just under $1.11, while it has lost just a little ground against the pound to trade at around $1.30. All of this leaves […]
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Dollar loses ground
The dollar lost some ground to the euro yesterday, falling to almost $1.11, following some softer than consensus economic data out of the US and after Donald Trump slapped tariffs on steel imports from Brazil and Argentina. Sterling is also a little firmer against the US currency, trading at just over $1.2950 this morning, but is a touch weak […]
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Bond yields higher
The main currency pairs continued to trade in very narrow ranges on Friday, as had been the case over the course of last week, with the euro closing out the day still hovering around the $1.10 level against the dollar and around the 85p area against the pound, and the latter finishing the week where it started at about $1.29 […]
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Main exchange rates steady
There’s not a whole lot to report from the foreign exchange markets this morning with the main currency pairs trading in very tight ranges. The euro is hovering in and around the $1.10 level against the dollar and at just over 85p to the pound, while the latter is trading at $1.29 against the dollar, which is […]
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Sterling on the front foot
Sterling is on the front foot this morning on the back of one of the latest opinion polls in the UK general election, namely You Gov’s MRP poll, with the pound strengthening to 85p against the euro and to well over $1.29 against the dollar. The latter, meanwhile, is a little firmer against the single currency at around $1.10 The […]
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Main exchange rates steady
The main exchange rates are trading steady this morning, with the dollar continuing to hover around the $1.10 level against the euro and the pound a little below 86p to the single currency and a little above $1.28 against the dollar (all of these rates are also broadly in line with where they closed out last […]
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Dollar extends gains
The dollar has extended it gains against the euro, although they are modest enough, to trade this morning close to $1.10, which is still within the range of about $1.09 to $1.12 that has prevailed since the end of July. Sterling is performing relatively well – markets seem convinced there’ll be a Johnson majority government following the election – […]
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Dollar a little firmer
The dollar is a little firmer against the euro at the start of this week, trading at around $1.1025, having gained some ground on Friday after the release of stronger than consensus economic data out of the United States. The pound, meanwhile, briefly weakened to just over 86p against the single currency following weak data […]