High inflation to temper growth.
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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 […]
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 […]
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 […]