The dollar has strengthened against the pound and the euro this morning as markets await US Federal Reserve Chair Jerome Powell’s testimony. Markets will be listening for any hint of another interest rate hike of 75 basis points…
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The euro strengthened slightly yesterday after hawkish comments from the European Central Bank’s Chief Economist, Philip Lane, but has weakened against the dollar this morning. Consumer confidence figures for the eurozone will be released this afternoon.
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The pound is weaker against the euro and the dollar following the latest inflation data for the UK. Inflation rose to 9.1% in May, up slightly from April’s figure of 9% and a fresh 40-year high.
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The pound has weakened against the euro and the dollar following the latest inflation figure for the UK. Inflation rose to 9.1% in May, up slightly from April’s figure of 9% and a fresh 40-year high. The Bank…
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The dollar is predicted by some to gain from a mildly risk-off sentiment, as the economy looks possibly to be heading into recession. However, for now it is slipping against most major currencies including the pound and euro.
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It has been a mixed day and week for the euro, strengthening mildly against AUD and NZD but weakening against GBP.
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While it was a quiet day for exchange rate movements, tensions are rising in the UK economy as the struggle to prevent a wage-price spiral leads to serious industrial action.
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The week has started quietly for sterling, with minimal movement on Monday against EUR and a barely perceptible rise against USD. However, it’s a big week for the UK’s economy as the battle lines are drawn between those…
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