Foreign Exchange Analysis Headlines

Sterling rises on EU customs union report

Sterling enjoyed a brief rally on Thursday after reports that Britain would tell Brussels it was prepared to stay in the European Union's customs union beyond a Brexit transitional arrangement.

Dollar index at five-month high as euro slips on Italian woes

The dollar added to recent gains against a basket of currencies on Wednesday to touch a five-month high, supported by relatively robust U.S. economic data in recent days, while the euro was hit by reports that a likely future Italian government would seek debt forgiveness from European creditors.