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by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound maintained a strong finish to the year against the Euro, rising through major resistance at 1.20 and recording a fresh 11-month high before consolidating below the level by the close of trading. The UK currency also pushed to a high above 1.5750 against the U.S Dollar, equaling the highs of this month. However, a rapid recovery in the Dollar saw the Pound retreat back below 1.57, as swings in risk sentiment continue to...
by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound pushed sharply higher against the U.S Dollar yesterday with a peak around 1.57, as the U.S currency lost ground on the revival in risk appetite, which increased demand for the higher-yielding assets. The latest consumer confidence reading remained close to the record lows with a December reading of -33. Confidence fell this month to the lowest level since the depths of the 2009 recession, as pessimism about the UK economy...
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