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The euro was 0.5% lower against the dollar at $1.0618 today

Euro falls against the dollar after inflation data

The euro fell against the dollar today after data showed inflation in the euro zone was not as high as investors had feared based on national readings in recent days.

Business • 02 Mar 23

The pound was flat against the euro at 88.80 pence today

Sterling steadies after post-inflation slump

Sterling steadied against the dollar and euro today after a deep slump a day earlier as Britain's softer-than-feared inflation eased tightening pressures from the Bank of England.

Business • 16 Feb 23

The UK economy has avoided a technical recession, but logged zero growth in the fourth quarter of 2022

Sterling falls as UK economy grinds to a halt in Q4

The pound eased today after data showed the UK economy ground to a halt in the final three months of 2022, avoiding a technical recession, but logging zero growth.

Business • 10 Feb 23

The euro climbed 0.2% to $1.0891 after data showing Spain's consumer prices rose 5.8% in January

Euro rises as dollar slips to eight month low

The euro rose today after unexpectedly high Spanish inflation data raised expectations for a higher euro area print on Wednesday, while the dollar languished near an eight-month low ahead of a slew of central bank meetings this week.

Business • 30 Jan 23

The euro reached as far as $1.0903 today, breaking the recent peak of $1.08875

Euro clears nine month peak as ECB hawks let fly

The euro hit a nine-month peak against the dollar today as comments signalling additional jumbo interest rate rises in Europe contrasted with market pricing for a less aggressive Federal Reserve.

Business • 23 Jan 23

Against a basket of currencies, the dollar has gained around 8.6% so far in 2022 - its biggest annual jump in seven years

US dollar index set for biggest annual gain since 2015

The dollar fell today but was still on track for its biggest annual gain since 2015, in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown in global growth.

Business • 30 Dec 22

The pound fell to a session low after the Bank of England's rate decision today

Sterling falls after BoE's ninth consecutive rate hike

Sterling fell against the dollar today after the Bank of England delivered an expected half-percentage-point hike in interest rates, its ninth in a row, as it battles to bring down inflation which the bank said has now peaked.

Business • 15 Dec 22

Sterling was up 0.2% against the dollar at $1.1909 today, and up 0.17% against the euro at 86.49 pence

Sterling moves higher again today

Sterling ticked up today, rising for a second day against a faltering US dollar after preliminary British economic activity data beat expectations, though it still showed contraction was underway.

Business • 23 Nov 22

The dollar retreated today after rallying yesterday when investors rushed to the safe-haven currency on worries about China's Covid flare-ups

Dollar cedes some ground as bitcoin hunkers down

The dollar retreated today after rallying the previous day when investors rushed to the safe-haven currency on worries about China's Covid flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin.

Business • 22 Nov 22

Sterling is on track for its biggest daily decline against the dollar in almost two weeks as China battles numerous Covid flare ups

Covid in China sets sterling for big daily fall

Sterling slipped against a strengthening US dollar today as global risk sentiment was dented by rising Covid-19 cases in China, which led to new restrictions in the world's second largest economy.

Business • 21 Nov 22

Sterling has regained around 16% in value against the dollar and is trading around its highest in three months

Sterling, UK bond prices dip as Hunt gives tough budget

Sterling and UK government bond prices fell today after British finance minister Jeremy Hunt announced a string of tax increases and tighter public spending in a tough budget plan.

Business • 17 Nov 22

Sterling, which has lost over 12% in value against the dollar this year, has risen 3% so far in November

Sterling hits highest level in almost three months

The pound rose to its highest in almost three months against the US dollar today ahead of the UK government's budget this week, largely as the greenback came under fire.

Business • 15 Nov 22

This week's data-heavy week could shed light on the state of the UK economy

Sterling falters as market awaits fiscal plan

Sterling fell against the dollar today as traders braced for the UK government's fiscal statement on Thursday in a data-heavy week that could shed light on the state of Britain's economy.

Business • 14 Nov 22

The pound is trading roughly where it was in the run-up to Thursday's decision by the Bank of England to raise its benchmark interest rate by 0.75%

Euro and sterling jump, dollar falters

Euro and sterling rose against the safe-haven US dollar today, supported by a risk-on sentiment across markets with European stocks rising on persistent hopes China will ease Covid restrictions.

Business • 07 Nov 22

The fortunes of Irish firms exporting to the UK rely on two things - the rate of exchange between the euro and sterling and sentiment among British consumers

Exporters keep anxious eye on sterling movements

Some economists and bankers are warning that the US economy and the global economy will enter recession by the middle of 2023.

Business • 04 Nov 22

Today's Bank of England's rate hike was its biggest in three decades and took the main rate to 3%

Sterling drops as Bank of England hikes interest rates

Sterling fell sharply today as the Bank of England raised interest rates by 75 basis points, a day after the Federal Reserve hiked borrowing costs by the same amount.

Business • 03 Nov 22

Sterling had started the day in a positive position against the dollar, but fell back in later trade

Sterling dips ahead of Bank of England decision

Sterling reversed earlier gains against the dollar and euro in later trade as markets braced for policy decisions from the Bank of England on benchmark interest rates aimed at curbing soaring inflation.

Business • 02 Nov 22

Analysts are now turning their focus to next Thursday's Bank of England meeting

Sterling recovery stalls but set for third weekly gain

The British pound fell against the dollar today but was still set for its third consecutive weekly gain, its longest positive streak since February.

Business • 28 Oct 22

UK Chancellor Jeremy Hunt said the plan was postponed until November 17 to allow it to reflect the 'most accurate possible economic forecast'

Sterling hits six week high as budget plan delayed

Sterling soared to six-week highs today, as Britain's new Prime Minister Rishi Sunak held his first cabinet meeting and a decision to delay the announcement of a plan to repair the country's public finances.

Business • 26 Oct 22

Sterling moves higher ahead of Rishi Sunak's appointment as British Prime Minister

Pound rises as Sunak becomes Prime Minister

Sterling rose today due to improved risk sentiment as Rishi Sunak became Britain's prime minister, while the euro steadied ahead of an expected rate hike by the European Central Bank on Thursday.

Business • 25 Oct 22

Sterling strengthened today as Boris Johnson bowed out of leadership race

Sterling supported by Rishi Sunak news

Sterling took support today on the news that former finance minister Rishi Sunak is set to become British prime minister after other candidates quit the race to lead the Conservative Party.

Business • 24 Oct 22

Sterling hit by UK political uncertainty

Sterling falls on political uncertainty as Truss quits

Sterling fell as economic and political uncertainty weighed today after the resignation of British Prime Minister Liz Truss, following the unravelling of her vast planned tax cuts which crashed the pound and sent borrowing costs soaring.

Business • 21 Oct 22

Sterling rallies after the dramatic events in London today

Sterling rallies as Prime Minister Liz Truss resigns

Sterling rallied and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss announced her resignation just six weeks after she was appointed.

Business • 20 Oct 22

Today's inflation numbers continue a turbulent week for sterling

Pound weakens as UK inflation returns to 40-year highs

Sterling fell today after data showed surging food prices pushed British inflation into double digits last month, leaving investors to weigh up the outlook for interest rates after the scrapping of most of the government's "mini-budget".

Business • 19 Oct 22

Sterling paused today, after surging almost 2% yesterday

Sterling pauses after UK fiscal U-turn rally

The dollar lost ground against sterling and other major peers today as investor sentiment picked up following the UK's dramatic U-turn over the tax-slashing mini budget that had roiled global markets.

Business • 18 Oct 22