USD/EUR plummets to three-year low as US retail sales slump

6 months ago


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Sterling continued to fluctuate against the majority of its peers last week as markets reacted to the latest UK data and Bank of England (BoE) rate speculation.
 


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Weekly Market Analysis


February 26th 2018

 

USD/EUR plummets to three-year low as US retail sales slump



Sterling continued to fluctuate against the majority of its peers last week as markets reacted to the latest UK data and Bank of England (BoE) rate speculation.


The pound is pushing higher at the start of this week, with GBP/EUR climbing to €1.1390 and GBP/USD rocketing up to US$1.4063.


Sterling may look to find more stability this week however as markets are hoping for more Brexit clarity following a successful meeting between Theresa May and her cabinet last week.


 
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Today's Rate


Euro (EUR)
1.13455
US dollar (USD)
1.39595
Australian dollar (AUD)
1.78
S. African rand (ZAR)
16.1777
Japanese yen (JPY)
149.335
View more rates


The rates above are using the British pound (GBP) as the base rate. All rates are for indication purposes only.
Prices can vary dramatically based on amount and delivery date.


 
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"Sterling initially struggled to make any headway at the start of last week’s session"



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