The pound has traded sideways against the euro recovered a fraction of its losses against the US dollar over the long weekend.
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The big story continues to be the strength of the US dollar, which has strengthened by a minimum of 3% against the next nine major currencies over the past month. The prompt for that has been, firstly, the…
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The dollar has lost some of its strength against the euro and the pound but remains firm. The US economy saw an “unexpectedly severe” decline in the first three months of 2022.
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The euro has strengthened slightly against the dollar but remains pressured amid a cautious market mood. All eyes will now be on eurozone GDP data later today.
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The pound is trading around similar levels against the euro but has strengthened against the dollar following broad greenback weakening. UK house prices rose at a slower annual rate in April than March, by 12.1%.
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The pound has strengthened slightly against the euro and the dollar this morning following poor US data. The US economy saw an “unexpectedly severe” decline in the first three months of 2022 when GDP fell by around 0.35%.…
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The dollar is strong against a basket of currencies, still benefitting from its status as a ‘safe-haven’ currency amid worries over the global economy and news that Russia has cut gas supplies to Poland and Bulgaria.
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The euro is still struggling against a range of currencies and fell to a 5-year low against the dollar this morning. This followed news that Russian gas supplier, Gazprom, has stopped supplies to Poland and Bulgaria.
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