The Euro and Sterling both jumped by over half a percent against the US Dollar on Tuesday after news of talks between North and South Korea led to an improvement in sentiment towards riskier currencies.
According to a report out of Seoul yesterday morning, the North and...
The Pound was given a boost against its major counterparts on Tuesday after a report suggested that the European Parliament will push for Britain to obtain ‘privileged’ access to the single market after it leaves the European Union.
With US financial markets closed on Monday due to Presidents Day, yesterday was a fairly quiet one in the currency markets. Investors instead awaited a slew of more meaningful announcements later in the week, which could lead to a volatile few days of FX trading.
Sterling edged higher against the US Dollar on Tuesday following the release of the latest set of UK inflation data, although gave back almost the entirety of yesterday’s gains as markets opened this morning.
Tuesday’s inflation data further ramped up speculation that t...
The Pound jumped by over half a percent against both the US Dollar and the Euro following the Bank of England’s ‘Super Thursday’ announcement yesterday afternoon, in which the BoE ramped up expectations for a sooner-than-expected interest rate hike in the UK.