The euro has weakened against the pound and the dollar, primarily due to greenback strength and disappointing eurozone data. German Ifo business climate figures could give the euro fresh support.
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The pound is slightly stronger against the euro and steady against the dollar this morning, however, soft retail sales data and political jitters have restricted further gains.
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The pound is slightly stronger against the euro and is beginning to gain some strength against the dollar this morning following the release of UK retail sales data. Retail sales fell in May, with food stores being the…
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Yesterday, during is testimony in front of Congress, Powell said that a recession was “certainly a possibility”. Powell’s testimony will continue today, and the markets will be listening to his every word.
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After rising against the dollar yesterday, the euro has fallen this morning after the release of French and German PMI data.
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Later today, PMI figures will be released, providing a snapshot of how the UK economy has performed so far in June.
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The pound is still weaker against the euro this morning after falling yesterday. This was due to UK inflation, which rose to 9.1% in May – a fresh 40 year high. This morning, data revealed that the government…
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The pound has responded to today’s inflation figures by dropping close to 0.5% against the euro and US dollar. The year-on-year rise to 9.1% wasn’t as high as some had predicted, which is perhaps why sterling has weakened,…
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