Sterling reactive to June 21 rhetoric

The pound is slightly stronger against the euro this morning as it continues to react to talk of the UK’s June 21 reopening. The Prime Minister struck a cautiously optimistic tone yesterday, saying that there is nothing so far to suggest that the reopening can’t go...


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USD: Fed officials to speak later today

The dollar is little changed against most major currencies this morning and slightly stronger against the pound. Manufacturing PMI for the US was revised slightly higher in May to 62.1. This reading showed another record growth in factory activity, with the fastest...


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EUR: Downbeat retail sales data from Germany

The euro is slightly stronger against the pound this morning but weaker against the dollar after a disappointing data release this morning. Retail sales in Germany contracted 5.5% month-on-month in April, reversing from a 7.7% increase in March and worse than...


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Virus worries weigh on pound

After a positive morning yesterday, the pound lost some ground against the dollar and the euro throughout the day. It’s thought that worries over the Indian variant of the COVID-19 virus and the potential for this to delay the UK’s planned reopening on June 21...


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