Category: Daily blog

Sterling rises

The euro and sterling edged higher against the dollar over the course of the day yesterday. The single currency got back up to around $0.98 while there was some respite for sterling which moved over $1.11 for the first time since before last week’s mini budget. Sterling’s gains outpaced the euro with the EURGBP cross […]

BoE intervenes to calm markets

Sterling retook some ground against the dollar for a time yesterday getting back to close to $1.09 while UK bonds yields fell sharply following a BoE announcement that it was intervening in the market to buy longer dated UK bonds. However the concerns about the UK have not gone away and the pound come under […]

Dollar rally slows

Sterling’s rout and the dollar rally slowed yesterday with the UK currency trading at around $1.07 for much of the day – though dipping below $1.07 this morning – off its low of $1.04 on Monday. The euro also largely held up against the dollar, remaining trading at c. $0.96 throughout Tuesday, though again like […]

UK in the spotlight

Sterling remains under pressure, falling sharply – to as low as $1.04 during yesterday’s trading – but speculation about a emergency interest rate hike by the Bank of England helped a bounce back to $1.09 but the currency came under renewed pressure and fell back once again – and is now around $1.07 – when […]

Sterling slides

Sterling fell sharply on Friday after the Chancellor of the Exchequer presented the new UK government’s Growth Plan to Parliament, with the pound shedding 4 cents against the dollar to below $1.09. Sterling remains under pressure, falling further still to c.$1.07 this morning. Against the euro, the pound has declined to trade at over 90p […]

Further rise in bond yields

The euro and sterling have both lost ground more ground against the dollar to trade below $0.98 and under $1.12 respectively this morning, which leaves the single currency-pound exchange still hovering around 87.5p Government bond yields continue to increase as markets continue to price in much higher central bank interest rates over the coming months. […]

Dollar firmer post Fed hike

The euro and sterling have both lost ground against the dollar following the Fed’s latest interest rate increase, falling to around $0.98 and to $1.12 respectively and leaving the single currency-pound exchange rate trading at about 87.5p In government bond markets, US 10-year yields are not much changed at around 3.55%, though 2-year yields are […]

Fed to hike again

The euro and sterling have both lost ground against the dollar ahead of the Fed’s latest monetary policy decision later today, weakening to $0.99 and $1.13 respectively. This in turn leaves the single currency-pound exchange rate trading just above 87p In government bond markets, US 10-year yields have risen to almost 3.55% ahead of the […]

Bond yields nudge higher

There is not much change in the main exchange rates this morning. The euro and sterling are both a touch firmer against the dollar trading a little above parity and just north of $1.14 respectively, leaving the single currency still hovering below 88p against the pound Government bond yields continue to nudge higher. US 10-year […]

Central banks in focus this week

Sterling lost ground against both the dollar and the euro last week and kicks off this week trading at around $1.14 and just below 88p respectively, while the single currency continues to trade in and around parity against the dollar Government bond yields headed further north last week. US 10-year yields led the way, increasing […]