GBP: GDP data this week

The pound weakened against the euro and dollar at the beginning of last week and then recovered slightly through the latter half of the week. It is fairly strong against the euro this morning and continues to be supported by the UK’s vaccine rollout. It’s thought that...


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Vaccine rollout continues to support pound

The pound is strong against the euro this morning and slightly weaker against the dollar, as global market sentiment has slipped at the start of a new week. Despite this, the UK’s successful vaccine programme continues to support sterling. Outdoor meeting and sports...


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Pound starts the week on a high

Sterling starts the week in a strong position against the euro, having shrugged off a few jitters at the start of last week to return to a new 13-month high. Against USD sterling remains 10 to 15% stronger than last spring, which is quite astonishing when you think...


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USD: US job market recovering

The dollar has lost some of its strength this morning as the euro shows a slight recovery. The US economy grew by 4.3% year-on-year in the final quarter of 2020 – a bigger increase than markets had anticipated. However, looking at 2020 as a whole, the economy shrank...


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