Pound hits new high against US dollar

Sterling reached a new high against the US dollar this morning, while apart from a brief slip at lunchtime yesterday sterling has remained strong against the euro too. It continues to be powered by optimism over a rapid economic rebound as the UK approached 20% of the...


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USD: Dollar strong on stimulus hopes

The dollar is strong against the euro this morning. There are hopes that Congress will pass the $1.9 trillion package in the coming weeks, creating optimism over economic recovery from the effects of the pandemic. Non-Farm Payrolls data released at the end of last...


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EUR: Slow vaccine rollout weighs on euro

The euro is weaker against the pound and the dollar this morning as Europe’s vaccine programme continues to cause concern over the pace of economic recovery. President of the European Commission, Ursula von der Leyen, admitted on Friday that mistakes had been made...


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GBP: Sterling strong ahead of GDP this week

The pound is still at strong levels against the euro and the dollar this morning, as the UK’s efficient vaccine rollout and hopes for economic recovery underpin sterling. The Bank of England’s monetary policy meeting, which was held last week, also gave the pound a...


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Pound strong on hopes of economic recovery

The pound is still at strong levels against the euro this morning following the Bank of England’s monetary policy meeting last week, in which all members voted unanimously to keep interest rates unchanged. This, coupled with the UK’s efficient vaccine rollout...


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