USD: Focus on Powell speech later today

The dollar is strong against a basket of currencies this morning, helped once again by rising US Treasury Yields. This comes ahead of a series of data releases today, which will be followed by a speech from Federal Reserve Chair Jerome Powell. Powell’s speech will be...


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GBP: Budget boosts sterling

The pound held onto its gains yesterday and is climbing steadily against the euro this morning following the Spring Budget, delivered by Chancellor Rishi Sunak. Sunak told Parliament that corporation tax would rise by 6% in 2023, which will increase the UK’s tax...


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Pound strong following Spring Budget

The pound is climbing against the euro and is strong against the dollar this morning after the Chancellor’s Spring Budget yesterday. Rishi Sunak vowed to “protect the jobs and livelihoods of the British people” as the UK emerges from the pandemic. Tax...


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USD: PMIs and Fed speeches later

The dollar is weaker this morning as treasury yields, which have been supporting the dollar over the past week, have now retreated somewhat. Democrats aim to approve their $1.9 trillion coronavirus relief plan by next week. The House have already approved a version of...


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