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Sterling has gained 5.5% against the euro so far this year

Sterling hits 20-month high against euro

Sterling touched a 20-month high against the euro today after Bank of England Governor Andrew Bailey sent a fresh signal that the central bank is gearing up to raise interest rates as inflation risks mount.

Business • 18 Oct 21

Sterling sees biggest weekly gain since May

Sterling rose today and was set for its biggest weekly gain against both the dollar and the euro since May, boosted by a combination of dollar weakness and expectations that the Bank of England will raise rates this year.

Business • 15 Oct 21

Sterling drops more than 1%

Sterling fell more than 1% versus dollar and euro as a steep rise in US Treasury bond yields and fears for the economic impact of a shortage of gas in Britain overshadowed Bank of England comments about a possible interest rate rise.

Business • 28 Sep 21

Sterling also edged up 0.1% against the euro this afternoon

Sterling inches up against dollar as US jobs disappoint

Sterling rose to a three-week high on Friday after data showed the US economy created the fewest jobs in seven months in August, casting doubt over the timing of the Federal Reserve's plan to scale back its bond buying scheme.

Business • 03 Sep 21

Sterling hits 3-week low

Britain's pound hits its lowest level in three weeks against the dollar as weakening risk sentiment weighed on global stock markets, hitting risk-correlated currencies including the commodity-linked Australian, Canadian and Kiwi dollars.

Business • 17 Aug 21

The global tick-up in infections sparked concern among investors at the start of the week

British pound hits 5-month low as UK Covid cases surge

Britain's pound hit a five-month low against the dollar and traded close to a five-week low against the euro today, as broad demand for the safe-haven dollar amid a global surge in coronavirus infections kept investors jittery.

Business • 20 Jul 21

Last week, the pound had its worst week in a month versus the dollar

Sterling drops to three-month low on 'Freedom Day'

Britain's so-called Freedom Day saw the pound fall to a three-month low in early trading on Monday, as a cautious tone in global markets meant riskier currencies lost out in favour of the safe-haven dollar.

Business • 19 Jul 21

The pound had its best quarter against the euro since 2015 in the first three months of 2021

Sterling set for biggest weekly loss since 2020

Sterling fell today, touching a two-month low against the dollar, and was set for its biggest weekly drop so far this year, hit by concerns about vaccinations and profit-taking after a strong first quarter.

Business • 09 Apr 21

Sterling skidded to a six-week low against the dollar today on Covid-19 vaccines tensions

Sterling dragged to six-week low by EU vaccine tensions

Sterling skidded to a six-week low against the dollar today as the EU considers banning Covid-19 vaccine exports to Britain, which relies heavily on imports for its vaccination drive.

Business • 23 Mar 21

Sterling has gained around 1.6% so far this year against the dollar and 4% versus the euro

UK vaccine rollout keeps pound investors bullish

The pound fell against the dollar and euro on Friday, pausing its recent upward trend, in a move analysts said was likely to be a temporary retracement as the market remained generally bullish on sterling due to Britain's quick vaccine rollout.

Business • 19 Mar 21

Sterling takes hit on AstraZeneca vaccine suspension

Sterling fell against both the euro and the dollar today with analysts attributing the move to news that Germany, Italy, Ireland and France suspended AstraZeneca's Covid-19 shots amid safety fears.

Business • 16 Mar 21

Bank of England chief economist Andy Haldane has warned of a risk that inflation will prove difficult to keep under control as the economy recovers from the pandemic

Sterling knocked back by inflation fears and bond rout

Sterling fell against a stronger dollar today, retreating from a three-year high touched earlier this week, as a rout in global bond markets sent yields flying and hurt the pound, while the Bank of England warned of inflation risks.

Business • 26 Feb 21

The pound is the best-performing G10 currency this year, up nearly 4% against the dollar and 3.2% against the euro

Sterling hits highest level against euro in a year

Sterling jumped above $1.42 today, coming within touching distance of $1.43, while also reaching a year's high against the euro as analysts retained their bullish views on the currency.

Business • 24 Feb 21

Sterling hit $1.40 against the dollar for first time in nearly three years today

Sterling hits $1.40 for first time in nearly 3 years

Sterling hit $1.40 against the dollar for first time in nearly three years this morning, as analysts bet the UK's quick pace of vaccinations will lead to an economic rebound from the country's worst crash in output in 300 years.

Business • 19 Feb 21

Sterling has risen more than 2% against the euro in February

Sterling hits highest level against euro since March

Sterling edged higher against both the euro and the dollar today, reaching its highest in almost a year against the single currency, amid expectations of a faster economic recovery in Britain thanks to its successful Covid-19 vaccinations.

Business • 18 Feb 21

Investors continue to bet that rapid Covid-19 vaccinations would set Britain up to recover from its biggest drop in output in 300 years

Sterling hits fresh highs against dollar and euro

Sterling hit two and a half-year highs against the dollar today and set a nine month high to the euro as investors continued to bet that rapid Covid-19 vaccinations would set Britain up to recover from its biggest drop in output in 300 years.

Business • 16 Feb 21

Sterling has gained broadly in the past few weeks amid optimism over Britain's rapid Covid-19 vaccination roll-out

Sterling breaks above $1.38, highest since April 2018

Sterling edged up against the dollar today, breaking above $1.38 and touching its highest level in almost three years as the UK's speedy coronavirus inoculation programme supports the currency.

Business • 10 Feb 21

Sterling is on track for its fourth week of gains against the dollar

Sterling on track for fourth week of gains in a row

Sterling edged higher on Friday and was on track for its fourth consecutive week of gains against the dollar, after the Bank of England avoided sub-zero rates for now. While the US job report put the dollar on the back foot.

Business • 05 Feb 21

Sterling was up 0.3% at 88.26 pence at 1550 GMT

Sterling hits 8-month high vs weakening euro

Sterling rose to an eight-month high against a weakening euro today, as Britain's Covid-19 vaccine rollout helped the pound, while the European Central Bank hinting at a possible rate cut hit the single currency.

Business • 27 Jan 21

Despite today's fall, sterling is still on track for a second week of gains against the dollar

Weak December UK retail sales upset sterling

Sterling edged lower against the dollar and the euro today as data showed retail sales bounced back weakly in December after shops in England emerged from a four-week November lockdown.

Business • 22 Jan 21

Sterling records gains against the dollar and euro today

Sterling jumps as BoE puts 'dampener' on negative rates

Sterling jumped higher against the euro and the dollar today as comments from the Bank of England's governor on the viability of negative interest rates dampened some expectations of sub-zero rates in Britain.

Business • 12 Jan 21

The pound had strengthened after a last-minute Brexit deal was agreed on December 24

Sterling weakens against euro as post-Brexit deal rally

The pound weakened versus the euro on Britain's first day of trading outside the European Union, but strengthened against a softer dollar, climbing above $1.37 for the first time since May 2018, as traders weighed up Brexit relief with Covid-19 risks.

Business • 04 Jan 21

Sterling jumped over 2% today to attain the highest level since April 2018

Sterling shines as no-deal Brexit averted

The British pound surged today to a two and a half dollar peak before Britain's long-awaited exit from the European single market, with a trade deal in the bag on the final trading day of a coronavirus-ravaged 2020.

Business • 31 Dec 20

Sterling momentarily extended its climb against the dollar on the news.

Brexit deal fuels sterling, stocks edge upward

The British pound rose on Thursday as Britain and the European Union clinched a free trade deal, while a global gauge of stocks edged upward amid investor optimism toward economic growth.

Business • 24 Dec 20

Sterling jumped this afternoon after three days of falls

Pound jumps as Brexit deal said to be in sight

Sterling rose around 1% this afternoon and British government bond yields posted their biggest one-day rise in over a month on signs the UK and EU are finally on the brink of clinching a deal to govern trade ties after the end of this year.

Business • 23 Dec 20