by Christopher Nye | Mar 24, 2021
Concerns over global economic recovery have sent the markets lower this morning, causing sterling to weaken against the euro and the dollar. A possible vaccine export ban from the EU could also be putting pressure on the pound. As a third wave of COVID-19 begins to...
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by Christopher Nye | Mar 24, 2021
Sterling hits midweek roughly 3-4% down against USD compared to this time last month, but just about holding its own against EUR, despite slipping around 1% from the highs it reached last week. The question is really whether this is a temporary blip or a decisive...
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by Christopher Nye | Mar 23, 2021
The dollar is looking steady this morning ahead of Jerome Powell’s testimony before Congress later today. Treasury Secretary, Janet Yellen, will also speak. In his speech yesterday, Powell said that the US economy had recovered quicker than expected, but support from...
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by Christopher Nye | Mar 23, 2021
The euro is under pressure against the dollar due to concerns about the third wave of COVID-19 infections sweeping across Europe. German Chancellor, Angela Merkel, described it as “effectively a new pandemic”, forcing restrictions to be extended and a lockdown in...
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by Christopher Nye | Mar 23, 2021
The pound weakened slightly against the euro and the dollar yesterday due to the recent vaccine dispute, in which the EU has threatened to impose a ban on vaccine imports to Britain. However, sterling is still at strong levels. European leaders are expected to speak...
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