• Quiet start to week

    A relatively quiet day yesterday with US markets closed for the 4th of July, the euro remains at $1.04 to the dollar and 86p to sterling. In turn, sterling remains around $1.21 to the dollar Equity markets that were open in European saw small gains with the Eurostoxx up 0.1%, the FTSE up  0.9% following losses […]

  • Bonds surge

    Some weaker than expected US data last week spurred a continued sell off in equities with the S&P 500 ending the week down over 2% – and losing 21% in the first half of the year – despite some gains from a late rally on Friday. Bonds surged with US 10-year yields down circa. 25bps […]

  • Dollar pares gains

    The euro touched off just below $1.04 to the dollar for a time yesterday before making up some ground late on to trade back to $1.045 now. The dollar pared its gain following slightly lower than expected US personal consumption expenditures inflation, which suggest prices pressures could be easing somewhat, and weak consumer spending data. […]

  • Euro slips again

    The euro lost another 1/2 cent to the dollar yesterday with the single currency moving back to under $1.0475 this morning. The European currency made modest gains against sterling during the day to move to above 86.5p for a time before losing out in the afternoon to back to just above 86p now while the […]

  • Euro loses ground to dollar

    The euro lost ground against the dollar taking it back down to just under $1.05 this morning from touching off $1.06 yesterday. Sterling also lost out against the US currency, falling to under $1.22. That left the euro sterling exchange rate fairly unchanged at 86p European equity markets closed up a touch yesterday,  however US […]

  • Dollar slips

    The euro has gained another half a cent or so against the dollar to trade close to $1.06, while sterling is also a touch firmer against the US currency at almost 1.23. This in turn leaves the single currency-pound exchange rate still hovering in and around the 86p mark European and US equity markets both […]

  • Bond yields lower

    The euro gained about half a cent against the dollar over the course of last week and kicks off this week trading at around $1.0550. Sterling continues to hover below $1.23 against the US currency, leaving the euro-pound exchange rate at about 86p In government bond markets, German and UK 10-year yields start out this […]

  • Sterling a little firmer

    Sterling is a touch firmer against the dollar today trading close to $1.23 and has also gained a little ground against the euro to under 86p. The single currency, meanwhile, is hovering just above $1.05 against the dollar Government bond yields have fallen further with US 10-year yields dipping below 3.10% and equivalent German and […]

  • Bond yields head south

    The euro and sterling have both drifted lower against the dollar to trade at around $1.05 and just below  $1.22 respectively this morning, leaving the single currency-pound exchange rate largely unchanged at about 86p European stocks reversed some of yesterday’s early losses, finishing a little less than 1% lower on the day, but they have […]

  • European stocks on the back foot

    The euro is not much changed against the dollar this morning trading at around $1.05, but sterling has slipped to below $1.22 against the US currency. This in turn leaves the euro-pound exchange rate trading in and around 86p European equity markets have opened on the back foot today, shedding almost 2% in early trading, […]