Yesterday the GBP/EUR rate saw mixed success due to the markets’ uncertainty over the UK’s current economic outlook.
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Rishi Sunak tried to pacify angry Brexiters in his own party at the annual confederation of British Industry conference yesterday.
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The dollar strengthened this morning following growing COVID worries in China. Investors turn to the dollar for safe-haven buying.
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Yesterday evening, ECB President, Lagarde's speech triggered a EUR/USD rebound as she promised to bring down inflation to 2%.
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At 10:05 this morning, the Bank of England's deputy governor for financial stability, Sir Jon Cunliffe will speak on interest rates.
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After welcoming the chancellor’s new fiscal plans last Thursday, sterling begins the week stronger against the dollar and euro.
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The US dollar has strengthened significantly over the weekend and overnight, apparently due to worries over a Covid-19 resurgence in China. Given the country’s ‘zero-Covid’ policy it doesn’t take much to shut a major city down, which affects…
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A mixed week for the US dollar ends with further slippage against the pound and euro but stronger overall against most other currencies.
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