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Sterling has enjoyed another strong week against the Euro, reaching its highest level in 16 months, following nine consecutive days of gains. The Pound’s strength has been driven largely by growing concerns over the European economy, particularly France’s worsening financial position and rising government borrowing costs. Expectations that ...
The US Dollar remains the strongest of the major currencies, underpinned by a resilient economy and continued investor demand, although higher borrowing costs are beginning to test growth. Sterling is holding up well but continues to face pressure from elevated living costs, modest economic expansion and growing attention on the government’...
Sterling had a much better week against the euro last week than it had been having previously. The pound recovered from its recent weakness and finished the week considerably firmer. Stronger revised UK growth figures helped confidence in the UK economy, while concerns around the outlook for some major eurozone economies also gave sterlin...
Over the course of the last couple of weeks the Pound has been firmly on the back foot, primarily caused by interest rate differentials with the other major currencies. Both the European Central Bank and the US Federal Reserve have raised their benchmark interest rates in that period, while the Bank of England held UK interest rates. The BoE’...
The dominant theme of last week was a broadly strong USD, extending its second consecutive weekly gain. This was primarily driven by hawkish Fed rhetoric and stronger than expected US PMI data reinforcing expectations of continued interest rate rises to come.
The pound fell to its lowest level against the Euro and Dollar in two mo...