The pound has been supported this morning by better-than-expected retail sales data and is up around 1% against the dollar. UK retail sales rose by 1.4% in April following a fall of 1.2% the month before. This surprised…
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The dollar is slightly weaker against a basket of currencies this morning, although worries about the global economy mean that it is still benefitting from its status as a safe haven currency.
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The euro has lost some of its gains against the dollar made earlier this week but is still stronger compared to this time last week.
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After strengthening earlier in the week due to positive jobs data, the pound is weaker against the euro and the dollar following UK inflation data released yesterday.
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The pound was given a boost earlier in the week due to better-than-expected jobs data. However, figures released yesterday showing that inflation is rising at its fastest pace in 40 years have subsequently weighed on sterling. The US…
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The dollar is weaker against the pound and the euro this morning, but still strong compared to this time last month.
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Inflation data for the eurozone is expected this morning, predicted to rise to 7.5% year-on-year.
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After strengthening yesterday following better-than-expected UK jobs data, the pound is slightly weaker against the euro and dollar this morning.
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