Investors in the euro area await inflation rate figures for France, Spain, Germany, Italy and the Euro Area which are due on Friday. The headline rate in the euro area is forecast to fall from 2.8% in January…
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This morning, investors will receive the latest figures for the UK’s distributive trade figures for February, which are expected to increase from -50 to -47.
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The pound and euro both ended last week in positive territory against the US dollar as the improving risk mood continues to make it difficult for the dollar to gather strength.
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Sterling recovered on Friday against the euro, regaining its midweek losses and ending up around half a cent up. It seems that the markets decided that the UK economy is going to power out of the current technical…
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The dollar was the loser yesterday, despite the surge in tech stocks, taking weekly losses to some 0.4% against the euro, pound and Aussie dollar and three times that loss against the main Scandinavian currencies.
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The single currency shrugged off its biggest economy’s manufacturing woes and barely moved yesterday overall. However, over the course of the week it is up against most major currencies, including being 2.5% up on the Turkish lira. We…
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Sterling made gains yesterday following the PMI reading, and remains up on the week against all but the Swedish and Norwegian currencies. Next week will be quiet for data.
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The pound had a positive day, maintaining its position within around 0.5% of an 18-month high against the euro and extending its 10-day run against the US dollar. Indeed, at one point yesterday GBP/USD came close to a…
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