The Pound Had Another Resilient Week – Sterling Update

The pound had another resilient week, strengthening by an average of 1.9% against the other major currencies. This is despite the downgrade of Britain’s credit rating by Fitch. The pound’s strength can be attributed to the US Federal Reserve announcing

dollar currency update

A Strong Lead – Dollar Update

The dollar was by far the week’s strongest performer, rising an average of 4.8% against the other major currencies To a great extent the rush for the dollar is a reflection of the huge uncertainty posed by the pandemic. Despite

Optimism is Shortlived – Euro Update

The euro started the week relatively well as investors considered it might be a safe haven, but retreated as the days passed. EU finance ministers pledged to take action, but the meeting did not yield any concrete steps and the

Rate Alert: Sterling’s growth continues

  The pound continues to make steady gains against the euro as Italy’s budget dilemma continues after the EU revealed its plans to increase spending, adding to its already massive debt pile of some 130% of the GDP. The pound’s

Euro / Dollar update

US Dollar Update: June 2017

During most of March the euro had the upper hand. In the first three and a half weeks it strengthened by more than two and a half US cents, touching a four month high. Then, for no compelling reason, investors decided it had gone far enough. They knocked the euro back, halving its net monthly gain to a cent and a quarter, still worth having but not exactly stellar. The about-turn doubtless related to technical factors: it coincided with the level from which the euro had rebounded in June last year.

Euro Update: June 2017

It was a classic “game of two halves” for the euro against the pound. For the first half of March the euro was in the ascendency and sterling was on the retreat; during the second the roles were reversed. The net result was a quarter-cent victory for the pound but the outcome was close and could very easily have gone the other way with a different referee.