by Christopher Nye | Apr 12, 2021
The pound experienced its largest weekly decline against the euro last week since September. This was due to a mixture of vaccine uncertainty and profit taking from investors. It is still weaker against the euro and the dollar this morning, although the reopening of...
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by Christopher Nye | Apr 12, 2021
It’s not often that sterling drops over 2% in the course of a working week, especially when the reasons for the weakening are so opaque. The last time was in September, but then there were clear reasons (over Brexit and Northern Irish arrangements). However, this is...
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by Christopher Nye | Apr 12, 2021
The pound is still in a weaker position this morning after losing ground against both the euro and the dollar last week. Despite this, sterling has made some small gains this morning and is stronger than its average for the past year. As lockdown measures are eased...
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by Christopher Nye | Apr 9, 2021
The euro maintains its strength this morning, after gaining 2% against sterling since Tuesday. The minutes of the European Central Bank’s latest monetary meeting have been released. They expressed their surprise at the speed of the eurozone economic recovery but...
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by Christopher Nye | Apr 9, 2021
As the week ends, the pound has continued its downwards trajectory against most key currencies and could see its sharpest weekly decline against the euro since September 2020. Vaccine concerns and disruption to supply have weighed heavily on sterling this week....
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