The dollar extended its losses on Thursday against its major traded rivals. Data showed domestic consumer prices grew less than analyst forecasts in September.
Category: Features
Sterling climbed to a new 3-1/2-month peak against the euro and added to gains versus the greenback on Brexit deal hopes.
The euro dropped almost 0.5% against the greenback on Monday, being close to more than a year low. What’s going on?
The Sterling recovered, scaling a 2-month high against the single currency, and edged up temporarily against the dollar. EU-UK is close to a deal regarding Brexit.
The Sterling dropped further to a three-week low on Wednesday as Prime Minister Theresa May defended once more her Brexit plans. Despite few new “findings” in her speech which may lead towards the one or the other direction, the response of the market was direct but not so strong.