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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Sterling has been drifting south against the euro and most other major currencies since yesterday evening, although it has remained steady against the US dollar. Such a gentle start might not be the pattern for the week, however,…
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Data surrounding homes sales will be released this week and the markets will also be looking to Federal Reserve Chair, Jerome Powell’s, testimony on Wednesday and Thursday.
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