by Christopher Nye | Mar 30, 2021
The dollar strengthened yesterday to a four-month against the euro while staying broadly flat against the pound. The dollar index – a comparison against six other leading currencies showed the dollar at its strongest since November, supported by worries over a...
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by Christopher Nye | Mar 30, 2021
The euro had a torrid day yesterday, falling to a 13-month low against GBP and four-month low against the US dollar. The main reason is the worsening situation in the eurozone as Covid’s “third wave” gathers pace with the more infectious variant first discovered in...
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by Christopher Nye | Mar 30, 2021
Sterling hit its highest rate for 13 months, strengthening nearly 2% against last Monday against the euro, powered by more good news on vaccine rollout and the first day of fractionally more relaxed lockdown rules. There was also growth in early trading against the US...
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by Christopher Nye | Mar 30, 2021
In the business news, the giant container ship blocking the Suez canal was finally freed after a week, allowing a traffic jam of some 400 other ships to start moving. There is also a large floatation in the UK today, with the food delivery company Deliveroo floating...
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by Christopher Nye | Mar 29, 2021
The dollar is strong against the euro this morning as it benefits from its safe-haven status and the successful vaccine rollout in the US. The US’ economic strength is also contributing towards the greenback’s strength. As well as this, President Biden announced last...
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