Sterling came under pressure yesterday after Manufacturing PMI disappointed. The dollar was better bid against both the euro and the pound. Sterling-dollar fell back below 1.3000 and euro-dollar fell below 1.1400. Sterling-euro traded either side of … Read more
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Sterling-dollar ended the month above 1.30. The year-to-date high of 1.3048 remains a resistance level. Sterling-euro again tested 1.1400. Euro-dollar eased back towards 1.1400 after meeting resistance around 1.1446. Read more
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Sterling rallied on hawkish comments from BoE Governor Carney, erasing the rate’s post-election losses against a weaker dollar. Carney said that higher interest rates may become necessary if business investment and wage growth pick up, amongst a host… Read more
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Euro-dollar rallied yesterday, breaking US election highs to trade at its highest levels in a year, since the UK’s referendum, above 1.1370. Dollar weakness saw sterling-dollar hit 1.2800 in overnight trading. Sterling-euro fell below 1.1300 to test … Read more
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Rate movement was relatively limited yesterday in light of a fairly quiet calendar. Sterling drifted slightly higher against the euro and the dollar. The dollar was better bid against the euro and inched towards 1.1140. Initial Jobless Claims were sl… Read more
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Rate movement was relatively limited yesterday in light of a fairly quiet calendar. Sterling drifted slightly higher against the euro and the dollar. The dollar was better bid against the euro and inched towards 1.1140. Initial Jobless Claims were sl… Read more
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Sterling rallied around the time of the Queen’s Speech as the Bank of England’s typically dovish Chief Economist, Andy Haldane, said he saw a case for raising interest rates later this year. Sterling-dollar briefly broke 1.2700 having fallen below 1.… Read more
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