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Currencies: The dollar in great shape, the pound dark

05/11/2021
Categories: Economy/Forex

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Approaching recent highs against the euro, the US dollar rose again on Friday, ahead of the monthly jobs data. For its part, the pound sank again the day after a meeting of the Bank of England.

Around 10:10 a.m. GMT (11:10 a.m. in Paris), the euro lost 0.16% to 1.1536 dollars per euro, approaching its lowest level since July 2020, reached in mid-October at 1.1524 dollars. Investor mistrust of the British monetary institute weighed on the British pound, which fell 0.38% to 85.92 pence per euro after hitting a low in a month at 85.95 pence. Against the dollar (-0.54% to 1.3427 dollars for one pound), it was approaching its lowest since the end of September at 1.3412 dollars.

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