Pound rallies on optimism over re-opening

The pound has strengthened to almost a month’s high against the euro today, boosted by investor optimism as the UK enters a phase of reopening non-essential businesses and allows larger groups to meet. Nonetheless, there is still widespread expectation that this...


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GBP: Pound up as lockdown easing begins

The pound is up against the euro this morning as lockdown restrictions begin to ease for businesses and schools. Key year groups are back from today, and open-air markets and car showrooms are also opening. In two weeks’ time, non-essential shops in England will...


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EUR: Euro loses some of Friday’s gains

The euro has weakened against the pound this morning, after ending last week in a stronger position following optimism over the European Union’s bailout programme. Manufacturing data this morning shows the sector to be weak, as expected, across the Eurozone,...


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