The euro met resistance against the dollar around 1.0777 before correcting lower. Sterling-dollar followed suit, briefly dropping below 1.2800 before recovering higher in the afternoon session. Sterling-euro briefly fell below 1.1900 before regaining… Read more

Tighter ranges were seen yesterday following Tuesday’s sterling rally. As expected, MPs voted in favour of the June snap elections. Sterling-euro traded above 1.1900 and sterling-dollar traded above 1.2800. Read more

Sterling rallied further overnight, continuing its momentum following Prime Minister May’s announcement that snap elections will be held on 8 June. GBP/USD is trading at six-month highs above 1.2800. GBP/EUR is trading at four-month highs above 1.190… Read more

Sterling is trading at around seven-week highs against the euro above 1.1800 and at around three-week highs against the dollar, just shy of 1.2600. The pound strengthened last week as inflation held above the Bank of England’s 2% target rate and Aver… Read more

Sterling rose yesterday as inflation held at 2.3%, above the Bank of England’s 2% target rate. Sterling rose to above 1.1770 against the euro overnight, some of its highest levels since the end of February. Read more

Sterling dipped briefly yesterday on an under-forecast Construction PMI release before recovering ground. The pound again tested 1.1700 against the euro. Sterling saw a high around 1.2465 against the dollar but was unable to reclaim the 1.2500 handle… Read more

Sterling dipped briefly yesterday on an under-forecast Construction PMI release before recovering ground. The pound again tested 1.1700 against the euro. Sterling saw a high around 1.2465 against the dollar but was unable to reclaim the 1.2500 handle… Read more

Sterling eased off highs yesterday, falling back below 1.1700 against the euro and 1.2500 against the dollar. The pound weakened as the Manufacturing PMI unexpectedly dipped to 54.2 from 54.6, having been forecast to pick up, but held above the 50 ma… Read more

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