by Christopher Nye | Jun 16, 2021
Sterling dipped yesterday, weakening by around a quarter of a percent against both euro and US dollar yesterday. However, this morning’s inflation figures, showing a monthly rise of 0.6% and annual rise of over 2% – way ahead of the expected 1.4% – have already moved...
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by Christopher Nye | Jun 15, 2021
Despite a small dip yesterday, the US dollar has been strengthening slightly against the euro over the past week or so, while remaining nearly 10% lower than this time last year. This may not last. There is increasing talk in the US of the need to start tapering...
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by Christopher Nye | Jun 15, 2021
The euro performed well against the US dollar yesterday, although we are still some way off recovering last week’s near-1% loss. There was a similar pattern against the pound, with the single currency continuing to strengthen in early trading this morning. There was...
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by Christopher Nye | Jun 15, 2021
The pound has weakened this morning against the euro, while strengthening marginally against most other currencies. This drop might have been expected on news of the delay in pandemic-restriction releases yesterday. Today’s employment data, showing unemployment...
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by Christopher Nye | Jun 15, 2021
The currency markets appeared to shrug off the widely-anticipated news that the UK’s remaining Covid-19 restrictions will not be lifted on 21 June as hoped, but will be extended to 19 July at least. Although sterling ended the day essentially unmoved, there may be...
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