The dollar is weaker against a basket of currencies this morning. This is due to boosted risk sentiment, which has occurred because of rising hopes that the loosening of China’s lockdowns will help global economic growth.
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The single currency benefitted last week from comments from European Central Bank officials. Several ECB members have suggested that interest rates will need to be hiked soon.
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After strengthening at the end of last week due to positive retail sales data, it is still strong this morning against the euro and the dollar.
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The pound is stronger against the euro and dollar this morning following positive retail sales, which were released at the end of last week. The markets predicted a decline in April; however, sales rose by 1.4%. The next…
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The pound starts the week in a stronger position against both the euro and the dollar. In fact, sterling is currently trading around 2% higher against the dollar than this time five days ago. The fate of sterling…
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The dollar fell against the euro and the pound yesterday following disappointing data. Initial jobless claims figures increased to 218k last week and existing home sales also missed expectations.
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The euro has strengthened against the pound and is trading roughly 1% higher than yesterday against the dollar. Later today, consumer confidence figures for the eurozone will be released. Markets predict a slight fall of 0.5%.
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The pound is supported against the euro and has strengthened by around 1% against the dollar. Retail sales saw an unexpected rise, providing a glimmer of hope that recession may not be inevitable.
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