by Christopher Nye | Jun 7, 2021
The pound finished last week on a strong note, reaching a 2-month high against the euro and rising against the dollar, but has lost some of that strength this morning. This comes as markets react to the government’s latest comments of being “absolutely open” to...
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by Christopher Nye | Jun 7, 2021
The dollar weakened against both the pound and the euro at the end of last week after a disappointing Non-Farm Payrolls report, but has since regained some strength. The greenback has been supported by comments made by US Secretary Janet Yellen around higher interest...
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by Christopher Nye | Jun 7, 2021
The pound starts the week exactly where it began last week against the euro, but worth around half a cent less against the US dollar. In a change to the pattern we saw in the early spring, sterling has started the week in nervous mood recently. You can’t really put...
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by Christopher Nye | Jun 4, 2021
The dollar is strong after three positive data releases have driven demand for the currency. ADP employment change far exceeded market expectations, with American private businesses making 978,000 hires in May compared to the projected 600,000. ISM Services PMI also...
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by Christopher Nye | Jun 4, 2021
The euro is weaker this morning, weighed down by strong US data. European Central Bank President, Christine Lagarde, will speak at lunchtime. This comes ahead of the ECB’s interest rate decision on June 10. Next week, we will see data for GDP growth and employment...
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