• Sterling on the back foot

    Sterling was on the back foot yesterday falling to just over 89p versus the euro and $1.32 against the dollar following MPC members testimony to the Treasury Committee. The euro also fell back against the dollar to mid-$1.17 Bank of England MPC members gave some conflicting signals on their views for the future path of monetary policy at […]

  • Euro eases back further

    It was a relatively quiet start to the week in markets. US equities continued to grind higher setting fresh all-time highs on Monday while it was reported prominent economist John Taylor was interviewed by President Trump for the Fed chairman position last week The euro has eased back since the start of the week and […]

  • Euro softer at the open this morning

    The euro jumped to almost $1.19 against the dollar on Friday after softer than expected inflation data in the US. It has since come back by almost a cent to trade below $1.18, with the strong showing of the far-right in the Austrian election over the weekend perhaps weighing on the currency Sterling held up well last week even […]

  • Sterling rebounds from early losses

    Sterling briefly fell to over 90p against the euro after the EU’s Brexit Chief Negotiator, Michel Barnier, said the withdrawal talks are deadlocked on the question of the UK’s financial settlement (aka the ‘divorce bill’). However, it subsequently staged an impressive comeback and is trading at around 89p this morning Because of the deadlock in the negotiations, Barnier said sufficient progress has not been made to proceed to discussing […]

  • Euro grinds higher

    The euro is grinding higher against the dollar as it continues to retrace some of its recent decline and is trading at just over $1.1850 this morning. It is little changed against sterling at around 89.5p German and UK 10-year bond yields were marginally higher yesterday, while equivalent US yields were a touch lower. Spanish 10-year yields fell by […]

  • Euro firmer again

    It was quiet enough again yesterday, though the euro advanced further against the dollar to trade at over $1.18. Bond yields in the core markets were little changed, while US stocks closed marginally higher with European indices finishing a touch lower Spanish bond yields are lower this morning after the Catalan President decided to hold off  declaring independence […]

  • Quiet start to the week

    It was a quiet start to the week in markets, with the US out on a public holiday. We did, though, see the euro retrace some of last week’s move lower against the dollar with the single currency trading close to  $1.18 this morning Sterling also recovered a little ground against the euro and the dollar, having fallen against both last week. As […]

  • Euro lower on the week

    The euro fell to a low for the week of around $1.1670 against the dollar on Friday before recovering to just over $1.17. Still, it shed around a cent over the week as a whole, and is almost 4 cents off its recent highs back in early September, with the situation in Spain providing an unfavourable backdrop for the single currency […]

  • Euro dips below $1.17

    The euro’s bounce against the dollar proved short-lived with the single currency under pressure for most of yesterday’s session and falling to around $1.1685 overnight. Heightened political tensions in Spain may have played a role, while the minutes of the ECB’s early September policy meeting published yesterday showed members were pretty concerned about the speed of its previous move […]

  • Euro steady against dollar

    The euro continues to trade just below the $1.18 level against the dollar, so off its lows of a little below $1.17 earlier in the week but obviously also still well off its recent highs of around $1.21. Sterling is under pressure against the single currency, falling to over 89p this morning, and the dollar, weakening to under […]