The dollar is strong against most major currencies this morning following the release of US inflation figures yesterday.
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The euro is still weak against the dollar this morning and EUR/USD reached parity yesterday for the first time in 20 years.
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The pound is still trading at strong levels against the euro this morning. This follows better-than-expected GDP figures, which were released earlier this week.
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Data released yesterday revealed that US inflation hit a 40-year high in June, reaching 9.1%. This was higher-than-expected and was driven by high energy and food costs. The dollar has strengthened on increasing worries of a recession. In…
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The dollar is stronger against the euro and most major currencies ahead of the release of US inflation data, which is expected this afternoon.
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German inflation data was released this morning, coming in at 7.6% as expected.
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The pound has strengthened against the euro and the dollar this morning following the release of UK GDP data.
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GDP data was released this morning, revealing that the UK economy grew unexpectedly in May by 0.5%. This beat expectations of 0.0% and growth was driven by a rise in holiday bookings and GP appointments. The pound has…
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