The pound has started off the working week in a broadly positive mode, strengthening against most other currencies this morning, albeit remaining a percentage point or so below last month. Given the economic and political uncertainty at the…
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The dollar has strengthened against a basket of currencies this morning, benefitting from its status as a safe haven currency.
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The euro is trading in narrow ranges against both the euro and the dollar this morning ahead of a busy week for data releases and speeches from central bank members.
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After rising against the euro and the dollar on Friday morning, the pound then weakened towards the end of the day following soft retail sales data.
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The pound strengthened on Friday morning, before falling towards the end of the day. This morning, it’s trading in narrow ranges against the euro and has strengthened against the dollar. There will be a series of speeches this…
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The dollar remains stronger this morning after the second day of Federal Reserve Chair, Jerome Powell’s, testimony in front of the Senate. Later today, data for new home sales will be released.
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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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