It was a bad month for the euro but not the disastrous one it could have been.
The euro started well enough but finished badly. The net result was a loss of two and a quarter US cents to the week’s top performer and a cent and a quarter to sterling.
Despite the unfolding drama in Ukraine and Gaza it was another relatively uneventful week in the foreign exchange market.
The last three months have not made a great deal of difference to the value of euro.
Life has become more difficult for the euro. In the last week it was the worst-performing major currency, alongside the Swiss franc.
The conversation that seems to crop up with increasing regularity is the one about sterling/euro (and sterling/dollar for that matter) going nowhere. After its decline from €1.20 in the first quarter of the year sterling has
If the advent of a coalition government has brought a sea of change for British politics it has also brought one for the pound.
Sterling appreciates against the euro to levels last seen in December 2008. Sterling’s appreciation against the euro continued last week
Sterling still in limbo after indecisive election. US stock market volatility spreads to currencies. Latest EU rescue package broadens the safety net beyond Greece and allegedly wins German support.