Strong momentum in the market.
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Equity markets in the US set new all-time highs yesterday, with the main indices there gaining a further 1% on the day, but core bond yields were little changed as were the main exchange rates. The dollar continues to hover just below the $1.1150 level against the euro and just under $1.31 against the pound, with the latter trading a little above […]
The pound was on the back foot for a brief time yesterday after the release of weaker than expected inflation data out of the UK, though it settled down again subsequently and this morning is trading at about 85.5p against the euro and at around $1.3050 against the dollar. The latter, meanwhile, is a touch softer against the single […]
The main exchange rates are broadly stable this morning with the dollar trading at just below $1.1150 against the euro and at around $1.30 against sterling, leaving the pound in the vicinity of 85.5p against the single currency. Bond yields edged down a little and are now flat to slightly lower week to date, while equity markets were marginally […]
The dollar continues to drift very slowly lower against the euro and is trading at around $1.1150 this morning, which compares to a high of around $1.1080 towards the end of last week. The pound also continues to lose ground against the euro – it is now knocking on the door of 86p – and the dollar – […]