Category: Daily blog
-
Brexit blues!
The euro has been finding it hard lately to sustain a move above $1.13 level against the dollar and this was the case again yesterday, with the single currency giving up early gains to trade back below this level (which is where it stands this morning). Sterling is a little weaker against the dollar after the UK government’s defeat in a vote […]
-
German economy stagnates
Not a whole lot of change in the major currencies though both the euro and sterling have given up some ground again against the dollar to trade below $1.13 and below $1.29 respectively (but in truth the trading ranges remain quite tight). The euro is hovering just above 87.5p against the pound. Meanwhile, equity markets chalked up modest gains yesterday, while core […]
-
Euro faring a little better
The euro and sterling are both a little firmer against the dollar this morning trading at just over $1.13 and $1.29 respectively, though in both cases that’s still down from where they finished at the end of last week. At the risk of being repetitive, the euro-sterling rate remains more or less unchanged at around 87.5p, seemingly in a state of […]
-
Dollar on the front foot
The dollar was on the front foot at the start of the week, strengthening to under $1.13 against the euro and to under $1.29 against sterling, as well as rising to over Y110 against the Japanese yen. Elsewhere, the pound is once again largely unchanged against the single currency trading at just over 87.5p Ironically enough, the dollar has actually […]
-
Slower growth, weaker currencies
The euro and sterling lost a fair bit of ground against the dollar last week, falling to around $1.13 and $1.29 respectively from (intra-week) highs of about $1.15 and $1.31, amid signs of slowing growth in the Euro area and UK economies and downward revisions to the outlook for both. Amid all of this, the euro-sterling rate was largely unchanged at 87.5p Core […]
-
A day of downgrades
The euro and sterling both came under pressure yesterday after the European Commission and the Bank of England both downgraded sharply their forecasts for growth in the Euro area and the UK respectively. The single currency slid to around $1.1325 against the dollar before recovering, but it is heading lower again this morning. The pound fell below $1.29 against the dollar […]
-
BOE on hold again today
There’s not much change in the main exchange rates this morning, with the euro continuing to trade below the $1.14 level against the dollar and sterling at about 88p and $1.29 against the euro and the dollar respectively ahead of the Bank of England’s latest monetary policy announcement at noon today Bond yields in the core markets continue to edge down with equities flat to […]
-
Sterling softer after UK data
Sterling has lost ground against the euro and (particularly) the dollar following the release of weaker than expected UK economic data yesterday, and trades at around 88p and just over $1.29 respectively, the latter now well down from its 2019 high of over $1.32. The single currency has also given up ground to the dollar to trade just below $1.14 this […]
-
Quiet start to the week
It was a relatively quiet start to the week in the foreign exchange markets, with the dollar continuing to drift a little higher against the euro to trade at close to the $1.14 level this morning, which is a gain of around a cent from last week’s post Fed meeting lows. The euro-sterling rate remains in consolidation mode for […]
-
Dollar a little firmer
The dollar is a little firmer after Friday’s stronger than expected jobs report in the US, trading at around $1.1450 against the euro this morning (having dropped to over $1.15 immediately following last week’s Fed meeting). Sterling remains off its recent highs against both the euro and the dollar, at about 87.5p and just under $1.31 respectively, as Theresa […]