by Christopher Nye | Sep 2, 2020
Sterling strengthened to its highest level against the dollar since last year yesterday and reached a 3-month high against the euro. Strength against the dollar is mainly due to greenback weakness, which came about after the Federal Reserve’s change of stance towards...
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by Christopher Nye | Sep 2, 2020
The pound is still strong against both the euro and the dollar this morning, as dollar weakness and worries over infection rates in Europe give sterling a boost. Positive data released for the UK yesterday has also helped the pound. The dollar continues to suffer...
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by Christopher Nye | Sep 2, 2020
The pound hit its highest rate for three months against the euro yesterday and for nine months against the US dollar. The most obvious cause is the relative strength of the UK’s fight against Covid compared to the rest of Europe – and that’s not a sentence I expected...
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by Christopher Nye | Sep 1, 2020
The dollar is weak against the pound and the euro this morning after Jerome Powell’s speech last week, which revealed that the Federal Reserve will switch their stance to focus on higher employment and average inflation. As a safe-haven currency, this positive news...
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by Christopher Nye | Sep 1, 2020
The euro is strong against the dollar this morning and staying within familiar ranges against the pound. The single currency is still strong after the Federal Reserve’s announcement last week, when they said that they would continue to support the economy and allow...
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