The pound weakened against both the euro and the dollar yesterday after PMI data was released, which revealed that the UK manufacturing and services industries have fared worse-than-expected so far this month. The war in Ukraine, high inflation…
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It’s certainly been an interesting week for sterling so far, with a swing of nearly 2% against the euro varying the price of a €250,000 property on your favourite continental hotspot by around £3,600, just since Monday morning.…
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The dollar is still struggling against the euro and the pound as positive risk sentiment continues to weigh on the American currency. Key data releases today include PMI figures and new home sales, both of which are expected…
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The euro has strengthened against most major currencies and is trading around monthly highs against the dollar after President of the European Central Bank President Christine Lagarde confirmed expectations of a July interest rate hike.
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The pound has weakened against the euro but is trading around a two-week high against the dollar this morning. Markets await PMI figures, which are expected to decline.
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The pound has weakened against the euro but is trading around a two-week high against the dollar this morning ahead of UK PMI figures. Markets are predicting a decline in both the UK manufacturing and services industry this…
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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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