by Christopher Nye | Feb 11, 2021
The pound has weakened slightly, but still remains strong against both the euro and the dollar and could have the potential to climb higher. Sterling tends to move with the stock markets, which have dipped slightly, but a positive economic outlook due to the UK’s...
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by Christopher Nye | Feb 11, 2021
The pound is still strong against the euro and the dollar this morning as hopes of economic recovery remain due to the UK’s vaccine push. Sterling has been the best-performing G10 currency in 2021 so far. In a speech yesterday, Federal Reserve Chair, Jerome Powell,...
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by Christopher Nye | Feb 10, 2021
The dollar is weaker this morning against a basket of currencies, as promise of the $1.9 trillion stimulus package is boosting market sentiment and hopes for economic recovery. This has reduced the appeal of safe-haven currencies, including the greenback. Progress...
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by Christopher Nye | Feb 10, 2021
The euro is weak against the pound this morning and is stronger against the dollar, benefitting from greenback weakness. The easing political tensions in Italy are also providing support to the single currency. Mario Draghi is continuing talks with the largest parties...
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by Christopher Nye | Feb 10, 2021
The pound is still at strong levels against the euro and the dollar this morning, remaining near an 8 month high against the euro and its highest against the dollar since April 2018. This is due to the ongoing speed of the UK’s vaccination programme, which is set to...
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